Serious: Massive underinvestment in infra in 12th Plan period (down by 32% vis a vis Plan) has hit capital goods sector & job creation.
Major reason for signif shortfall in infra investments in 12th Plan period attributable to collapse of PPP, esp in Power & Telecom.
Investment shortfall hits infra sector
The total investment in infrastructure in the just concluded 12th Plan amounted to Rs 38 lakh crore in 12 specified sectors compared to the target of Rs 56 lakh crore. Of the amount invested, the public sector contributed two-thirds.
NDA to leave its imprint vide Rs 5.35 lac cr BharatMala program; enveloping remaining portions of NHDP & incl corridors, coastal roads etc.
Speeding up Bharat Mala
The Prime Minister’s Office has sought Public Investment Board’s (PIB) clearance to the first phase of the Bharat Mala project. In this phase, an estimated investment of Rs 5.35 lakh crore will go towards building 29,000 km of highway network.
Doctor making the patient sick: RBI ordering banks to review Telecom loans reflects poorly on TRAI’s role of orderly devpt of sector.
Telecom loans to come under scanner
Expressing concern over current issues in the telecom sector, RBI has advised banks to consider making higher provisions for the telecom sector. Currently, bank lending to the telecom sector stands at `82,000 crore.
New ‘Directorate for Non-fare Revenue’ in Rlys is indeed making its mark. Achieving 6% of total revenues commendable. Dream target is 20%!
@sureshpprabhu’s push for non-fare revenues (NFR) getting results ~ NFR has jumped 70% to Rs 10,181 crs & is 6% of total rly revenues.
Non-fare revenue growth on track
The Indian Railways’ revenue increased to Rs 1,65,068 crore in 2016-17 from Rs 1,63,791 crore in the previous year. Revenue from non-freight and non-passenger charges increased to Rs 10,181 crore from Rs 5,928 crore in 2015-16.
Realisation dawning that SmartCities initiative alone cannot handle d large scale migration to towns. New towns needed at breakneck speed.
Going to town on migration
Experts are of the opinion that the government will need strategies to cope with the surge in migration from rural to urban areas. For this, new towns need to be built: about 20,000 sq km if the density of new towns is to be around 12,000 people per sq km.
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Good to see World Bank keeping in step with newer infra projects ~ sanctions $375 mill loan for Nat Waterway 1 between Varanasi & Haldia.
Waterway to get World Bank funding
The World Bank funds for the National Waterway 1 project will go towards construction of six multi-modal terminals, 10 RORO jetties, ship-repair facilities as well as passenger jetties along the 1,360-km stretch of the Ganga river between Varanasi and Haldia.
Whilst much of the discussion is on Highways, Minister Gadkari has done a commendable job in effecting a quiet turnaround in Govt port ops.
Overhauling government ports
Of the 116 initiatives proposed by an international benchmarking consultant aimed at enhancing efficiency and productivity of government ports, nearly 70 have been implemented. As a result, turnaround time and efficiency of major ports have improved substantially.
A weekly selection of the author’s tweets— with a brief backgrounder—in the infra space, by Adite Banerjie