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  1. Centre defers NICDA establishment plans

Centre defers NICDA establishment plans

The Modi government has decided to defer plans to clear the establishment of the National Industrial Corridor Development Authorit...

By: | New Delhi | Published: October 13, 2015 12:33 AM

The Modi government has decided to defer plans to clear the establishment of the National Industrial Corridor Development Authority (NICDA) till the high-voltage five-phase Bihar assembly polls, which began on Monday, end on November 5. This is because the Election Commission’s model code of conduct was enforced on September 9 (when the EC announced the poll schedule), following which parties in power at the Centre and the state are not allowed to announce any major policy decision (like setting up of NICDA), unless approved by the EC.

The Centre has decided to put on hold the NICDA plans and not approach the EC for an exemption as the setting up of the authority is not a matter of extraordinary urgency, official sources said.

Incidentally, the proposed Amritsar-Kolkata Eastern India Industrial Corridor is to come up along the 1,856 km Eastern Dedicated Freight Corridor passing through Bihar, besides states including West Bengal, Jharkhand, UP, Uttarakhand, Haryana and Punjab. NICDA is to be headquartered in Pune and was proposed in Budget FY15 with initial corpus of Rs 100 crore.

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