Tweet: Legal luminaries appear to agree that Arbitration Amendment Ord 2015 will go a long way to bridge gap between Indian & foreign practices.
Doing business in India gets easier
The promulgation of the Arbitration Amendment Ordinance 2015 has been welcomed by the business fraternity, as timely disposal and settlement of disputes will lead to major cost-effectiveness of contract enforcement. It is expected that India’s ranking in doing business will significantly improve as a result of this development.
Tweet: Only 2% of Indian roads are designated National Highways. Of this 30% have less than 2 lanes & 48% have 2 lanes only. Long way to go!
The road to upgradation
The government has launched an ambitious programme of upgrading 22,000 km of existing highways. An estimated Rs 5 lakh crore over will be needed over the next five years to expand highways to 1.5 lakh km from the current 96,000 km.
Tweet: Out of box thinking: Generally arid Rajasthan to get an inland waterways port at Jalore under auspices of Inland Waterways Auth.
West Rajasthan’s portal to development
The creation of an inland port and terminal in western Rajasthan will help in the region’s socio-economic development. The state government will also explore business development opportunities along the canal for limestone, gypsum, lignite and cement factories.
Tweet: AAP for “Congestion Tax” on cars for crowded Delhi areas. Road Tax to use roads. Fuel Cess to move. And Congestion tax not to do both!
Road Cess, Green Cess, CSR Cess, Congestion Cess…..another one now. Projects near NatParks to pay 2% of project cost for Env Mitigation.
Reducing pollution and congestion on Delhi roads have become top agendas for the government. According to one estimate, the new green tax—implemented on the directions of the Supreme Court—is expected to reduce truck traffic entering the capital by 30%.
Tweet: Another Metrorail project ready for implementation. Nagpur. R8680 cr project receives strong funding interest from Kfw Germany, JICA etc.
Nagpur to get the metro rail
Five international funding agencies are keen on funding Nagpur’s Metro Rail project. The special purpose vehicle, Nagpur Metro Rail Corporation Ltd (NMRCL), a joint venture of the Centre and the Maharashtra government, will implement the project.
Tweet: 10 yr incubation: Eastern & Western Peripheral Expways for bypassing Delhi planned in 2006 after SupCourt push. Now seeing implementation.
Road blocks finally lifted
After a delay of ten years, construction of the Eastern and Western Peripheral Expressways—each about 135 km long—is all set to move towards completion. While the former is yet to take off, the latter is about 68% complete.
Tweet: Disappointing that Rlys now proposing to have only limited version of a Rail Tariff Authority instead of full-fledged Indep Rail Regulator.
Rail tariff authority to be set up
The railways ministry is readying a draft Bill on Rail Tariff Authority which will frame guidelines for passenger fares and freight rates.
Tweet: Cabinet clears Discom scheme. ‘Option’ to transfer debt & losses in phased manner from Discom to State for more central bijlee goodies.
Discom debt transfer deal
The Ujwal Discom Assurance Yojana (UDAY) will allow for transfer of 75% of the about R4.3 lakh crore outstanding debt incurred by stressed discoms to states’ debt. States accepting UDAY and performing according to prescribed targets will also get priority funding through Deendayal Upadhyaya Gram Jyoti Yojana and other schemes.
—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie