Both Guv Rajan & CMIE have a similar message—capital investments gathering pace & stalled projects decreasing.
Tweet: Both Guv Rajan & CMIE have a similar message—capital investments gathering pace & stalled projects decreasing. Hard data would be useful.
Decoding the signs of economic revival: RBI Governor Raghuram Rajan’s statement has boosted the confidence of the industry. The CMIE has disclosed that new investment announcements during the quarter ended 30 June increased 33% to R1.15 lakh crore.
Tweet: Deepak Parekh delivers hard message to housing cos—“Shift focus from luxury segment to affordable segment~ where the real demand is.”
Realty sector’s unreal scenario: India’s business honcho, Deepak Parekh, underlined one of the significant problems of the urban housing sector: despite acute shortage overall, there is a growing stock of unsold inventory of housing in many large cities. This is due to unrealistic pricing points and a huge glut in the premium end of the market.
Tweet: Turf defined: Supreme Court rules that Petro & Natural Gas Reg Board has no jurisdiction on deciding tariffs for city gas distribution.
Gas pricing—Supreme Court order removes hurdles: Following the Supreme Court’s ruling that the regulatory body can only monitor prices to ensure fair competition among the parties that are supplying CNG or PNG to consumers, companies like Indraprastha Gas are now permitted to fix the retail price of gas.
Tweet: CERC ~ whilst power generation ^ 50% in last 5 yrs, transmission lines have ^ by only 30%. Mismatch being addressed by more pvt involvement.
Tweet: Transmitting logjam: Unprecedented congestion on East to North grid severely curtailing power from generators in East to Northern Discoms.
Power crunch: States are unable to purchase cheaper electricity because of transmission bottlenecks, over and above discom woes. Lack of grid connectivity has resulted in a scenario where power-deficit states have no choice but to buy power from nearby sources even if it is more expensive.
Tweet: Finally—irrigation in focus. R50,000 cr central funding under consideration together with decision to integrate all existing schemes.
Irrigation fund to boost agriculture sector: In a bid to revive growth in agriculture sector, the government has approved a R50,000 crore irrigation package. The funds would be spread over a five-year period and the contribution of states would be over and above this sum.
Tweet: Chennai becomes 6th Metro Rail City after Kolkata, Delhi, Bengaluru, Mumbai & Jaipur. First train flagged off yday from Alandur Station.
Chennai gets into metro rail mode: Chennai Metro Rail’s inaugural service, steered by a woman driver, was flagged off by Chief Minister Jayalalitha on June 29. The 45-km Metro Rail project is estimated to cost R14,600 crore and would cover two routes—the Wannarapet to Airport section and the stretch from Chennai Central to St Thomas Mount.
Tweet: Length is strength: Delhi Metro converting 61 six-coach trains into eight-coach ones to accommodate rising usership, touching 30 lacs/d.
Delhi Metro—keeping pace with growing traffic: The DMRC is all set to acquire 17 new eight-coach trains and convert 61 six-coach trains into eight-coach ones to accommodate more passengers.
Tweet: PSU unions seem against ANY change. After Rly & Airport Unions against privatisation, Power unions threaten strike over Elec Act Amendment.
Power unions to block amendments to Electricity Act: Nearly 12 lakh power engineers and employees—members of several unions—have threatened to strike work, protesting against proposed amendments to the Electricity Act which seek to separate content and carriage in distribution.
—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