1. Down the drain

Down the drain

According to RBI, the GFD-GDP (gross state fiscal deficit to gross state domestic product) ratio at 3.6% crossed the threshold of 3%, for the first time in ten years.

By: | Published: May 17, 2017 5:53 AM
The Ganga cleanup project is unlikely to meet its target. (Reuters)

Ganga program needs huge rev up if it’s to meet Oct 2018 target of comprehensive cleanup. Only 9.78% of treatment capacity target achieved.

Lack of treatment capacity slows down Ganga cleanup

The Ganga cleanup project is unlikely to meet its target. To treat the 12,000 Million Litres Per Day (MLD) of sewage emptying into the river which traverses through 11 states, there is only capacity worth 4,000 MLD and of them, only plants with 1,000 MLD capacity are working.

RBI points to UDAY scheme for deterioration in states’ finances. What was it doing for decades as banks kept lending to unworthy Discoms?

Discom distress impacts state finances

According to RBI, the GFD-GDP (gross state fiscal deficit to gross state domestic product) ratio at 3.6% crossed the threshold of 3%, for the first time in ten years. This was mainly due to the significant increase in capital outlay and loans and advances to power projects.

Glad that Delhi Govt & Urban Dev Ministry finally bit the bullet together. After 8 years, Delhi Metro allowed an upward fare revision.

Delhi Metro hikes fares

Delhi Metro rides have got costlier with a new passenger fare structure starting at Rs 10 and going up to Rs 50 coming into force. The fare hike was necessary given the rising operational costs, including increase in power tariff, manpower and maintenance costs.

Appreciate @PiyushGoyal pushing to streamline irrational electricity tariffs. Proposed ~ 15 slabs in 5 classes – Dom, Comm, Agri, Ind & Inst.

Rationalising power tariff

The Union power ministry has proposed a rationalisation of electricity tariff slabs across the country in order to improve transparency and enhance energy consumption and bill collection efficiency.

Off-Budget: Process underway for creating a $5 bill (Approx Rs 35,000 cr) Rlys of India Devpt Fund with World Bank as anchor-investor.

A new funding track for Railways

The World Bank-anchored fund will be accessible to all railway projects including public sector, private ventures and the projects undertaken by their alliance. Contractors bidding for railway projects will find a cheaper source of funds which is in alignment with long-gestation projects.

Mandate to draw up a blueprint for Uttar Pradesh’s devpt may well be the beginning of a new engagement model between NITI Aayog & States.

Partners in progress

NITI Aayog will be partnering with UP for development of livelihood opportunities, revamping agricultural sector, setting up of new enterprise in the state and making the state an attractive investment destination.

Congratulations INDORE! For being ranked cleanest city in India. From 149 rank in 2014, to 25 in 2016 to No 1 in 2017. Great achievement.

Indore makes a clean sweep

Indore Municipal Corporation’s commendable achievement is the result of its efforts to cover all of its wards with door-to-door solid waste collection. It also installed waste segregation systems and tracking devices for garbage trucks.

Uttar Pradesh at the bottom of all-India Discom rankings. Shows the legacy new UP CM has to contend with to revive ravaged power sector.

UP discoms in dire straits

Gujarat discoms have topped the annual discom rankings, whereas UP is ranked at the bottom. UP’s utilities, which have piled up Rs 54,000 crore in debts, trail those in Rajasthan.

Momentum: InvIts happily spreading beyond roads sector ~ India Grid Trust of Sterlite seeks to monetise its PPP transmission projects.

InvITs begin to build momentum

In a first of its kind initiative by a power sector co, Sterlite Power Grid Ventures is set to raise Rs 2,650 crore through InvITs. It follows in the footsteps of a toll-road company which has also initiated fund raising via InvITs.

A weekly selection of the author’s tweets— with a brief backgrounder—in the infra space, by Adite Banerjie

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