Indian Railways’ freight revenue declined by more than 10% in the second quarter of FY2017 to R48,342 crore.
Well done @PiyushGoyal ! In WB Ease of Doing Business rankings “getting electricity” s dramatically. From rank 137 in 2015, moves up to 26.
India’s WB ranking: The fine print
India has improved its score by just one notch (130) in the overall World Bank Ease of Doing Business rankings from last year. However, its scores have shown distinct improvement in four distance to frontier (DTF) areas: getting electricity, paying taxes, trading across borders, and enforcing contracts.
After losing creamy passengers to airlines, Rlys now threatened on premium cargo front too. AAI creates Cargo Logistics Co to gain share.
AAI prepares for cargo take-off
Airports Authority of India’s (AAI) move to set up a wholly-owned subsidiary is aimed at developing a premier integrated logistics network operator with the primary focus on handling air cargo and allied services. The new company hopes to achieve a turnover of R380 crore in the next 12 to 18 months.
Removal of tolls by judicial orders at Gurgaon Expway earlier & now Tollway to NOIDA signals review of tolling policy within city limits.
Supreme Court order lifts toll on DND Flyway
The Delhi-Noida toll bridge was completed at a cost of Rs 408 crore in 2001 by Noida Toll Bridge Company Ltd (NTBCL). In its order, the High Court had pointed out that NTBCL had already received Rs 1,100 crore in revenue and, therefore, its contract with Noida authority needed to be snapped.
Whatever happened to the proposal to create a new-age & vibrant Civil Aviation Authority to replace the archaic DGCA ? Should do it.
Need for DGCA upgrade
The civil aviation ministry’s ambitious plan to make the Directorate General of Civil Aviation (DGCA) a responsive and more meaningful body seems to have been put on the backburner. The minister had admitted to “opaqueness” in the working of DGCA and promised to usher in transparency.
Back to Nehruvian “commanding heights.” Public expenditure driving infra; & now FM signals PSUs taking over & running stressed pvt assets.
Public sector to the rescue
The finance minister wants public sector enterprises to manage stressed assets taken over by banks for an interim period in sectors like steel, power and shipping. Banks can also appoint a management team of established professionals or retired representatives to run these companies.
Learning from MP Summit: Committed political leadership supported by a motivated bureaucracy can affect a dramatic turnaround in a decade.
MP—No more a BIMARU state
Madhya Pradesh is one of the fastest growing states in India and has reported a Gross State Domestic Product (GSDP) of 10.5%, against the national rate of 7.3%. The state has been ranked number one for allotment of industrial land and online construction permits by the Department of Industrial Policy & Promotion.
Freight plays spoilsport with Rlys turnaround plans. Was supposed to grow by 5%. Instead down by whopping 10%. Key culprits—coal & cement.
Freight woes for railways
Indian Railways’ freight revenue declined by more than 10% in the second quarter of FY2017 to R48,342 crore. Coal, cement and fertiliser tonnage declined by 4%, 6.1% and 5%, respectively.
Twin thrust: The intense focus & monitoring of rural electrification & rural roads is earning the NDA govt a lot of goodwill in Bharat.
Bharat gets government attention
There has always been apprehension that infrastructure development is urban-centric and takes a long time to trickle down to the bottom of the pyramid. However, the government’s focus on rural roads and electrification is beginning to show results in rural India.
—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