5-year plan to 15-year vision
Goodbye 5 Yr Plans: India adopts a new planning format ~ 15 Year Vision Document + 7 Year National Devpt Agenda with 3 year review cycles.
Over & above d traditional sectors, India’s new planning format—the Nat Devpt Agenda—includes Internal Security & Defence. Sensible.
Planning gets a makeover
The government will usher in a long-term development blueprint that will replace the decades-old Nehruvian five-year planning model. Christened the National Development Agenda, the proposed blueprint will be put in place by the NITI Aayog, which will create a dashboard for monitoring, evaluation, reviews and outcome targets for all major schemes in infrastructure and social sectors.
Infra all the way: In all reviews of Ministerial performance—Goyal, Gadkari & Prabhu emerge at d top. 2 also score high on social media.
Two years of NDA government
With experts and media analysing the performance of the government, it comes as no surprise that the focus on infrastructure building by the power, roads and railways ministries has been appreciated. The Prime Minister has also asked his ministerial colleagues to highlight their achievements on social media.
Developers relieved as SEBI clears path for InvITs. Can offer 75% units to institutional investors in a pub issue & rest to other investors.
Paving the path for investment
The Securities & Exchange Board of India has released norms for public issue of units of infrastructure investment trusts (InvITs). This will enable cash-strapped developers to raise capital. InvITs are allowed to invest in infrastructure projects, either directly or through a special purpose vehicle (SPV).
Govt reportedly tweaking Public Utility (Resolution of Disputes) Bill to incorporate some of the reccos of Kelkar Comm on PPP renegotiation.
Focus on PPP renegotiation
An independent tribunal for faster resolution of disputes relating to private sector partnerships and public procurement is likely to be set up through an Act of Parliament. A PPP renegotiation framework, as recommended by Dr Kelkar, would also be set up.
India steps up infra investm in South Asia to $5 billion ~ road & power connectivity with Bangla/Nepal/Bhutan/Myanmar + TAPI gas pipeline.
India takes the lead in building South Asian connectivity
India is investing in a slew of infrastructure projects to improve connectivity with its neighbours. Two road corridors, one connecting India with Bangladesh, Nepal and Bhutan, and another to improve connectivity between India and Myanmar, are among the major projects. Construction of a 1,680-km gas pipeline linking Turkmenistan, Afghanistan, Pakistan and India is also under discussion.
@sureshpprabhu says future of rlys doomed if adequate investments not made. China invests R9 lac crs/yr; India did R40,000 cr last year.
Railways’ funding woes
Railway minister Suresh Prabhu has warned that Indian Railways could meet the same fate as the US railroad service Amtrak which suffered heavy losses due to the lack of timely investment. The minister has announced an increase in investment of 21% to R1.21 lakh crore in 2016-17.
34 Indian cities in WHO list of world’s most polluted. Of these 34, 17 are in d designated ‘Smart City’ list. Long way to go. Delhi no 11.
Indian cities among world’s most polluted
The latest WHO report on the world’s most polluted cities ranks Delhi at No. 11 among 3,000 cities in terms of PM2.5 (fine, particulate pollution) and 25th in terms of PM10 (coarse pollution particles) levels. Gwalior and Allahabad are ranked second and third in terms of PM2.5 concentrations, which is associated with more serious health impacts than PM10. Patna and Raipur are at No. 6 and 7.