Importance of Indian Port The Indian port sector plays a vital role in sustaining growth in the country’s trade and commerce. It also has an important role in fulfilling India’s dream of achieving greater global engagement and integration with its trading partners. Much of India’s port-led development initiative is expected to revolve around growth in… Continue reading Facilitating trade in Indian ports
#1. The process of accounting in Indian Railways is “very complicated”. “It is impossible to figure out what the rate of return on a project is” The financial statements of Indian Railways need to be re-drawn, consistent with principles and norms nationally and internationally accepted. #2. Streamline recruitment & HR processes Remove the multiplicity of channels of… Continue reading Bibek Debroy Committee on Restructuring of Indian Railways
Article Link India’s finance minister Arun Jaitley announced three new initiatives on building infrastructure through the so-called public-private partnership (PPP) mode in the national budget he presented to Parliament on 29 February. The three initiatives are: Public Utility (Resolution of Disputes) Bill: It will shortly be introduced in the parliament to streamline institutional arrangements for… Continue reading Renegotiation of PPP contracts becomes a reality
Railway Minister Suresh Prabhu has announced his second Railway Budget. Interesting here to note is that unlike past, he has not announced any new trains, tracks or projects. While departing from his predecessors, Prabhu announced a slew of measures aimed at improving the travelling experience of passengers. Focus was also given on restructuring, reorganizing and… Continue reading Railway Budget: What’s on offer?
There are 4 modes under which projects are awarded to private developers – #1. BOT (toll) – Build Operate Transfer and Toll As the name suggests, private party is responsible for building the project i.e. acquire land, procure raw material, design and construct the road i.e. private party bears construction risk. They operate and maintain (O&M)… Continue reading Hybrid Annuity Model: A win- win for everyone.
Article Link One of the biggest disappointments of 2015 has been the inability of the government to move forward on even the modest targets of disinvestment of Rs 69,000 crore ($11 billion)—especially strategic disinvestment of R28,000 crore ($4 billion). It should be noted here that if the government wants, it could move on disinvestment aggressively… Continue reading A Bold Disinvestment Strategy Needed
Article Link In an effort to take air travel to the masses, the Union government, in October 2015, came out with its new draft civil aviation policy. Highlights of the Policy: The policy proposes to cap small town route fares at Rs. 2,500 per flying hour per ticket and imposes a 2% cess on all… Continue reading Draft Civil Aviation Policy 2015
Sushma Swaraj said in Islamabad : “We have decided to restart the Comprehensive Bilateral Dialogue. The dialogue that was earlier known as Composite Dialogue and later on as Resumed Dialogue will now be known as the Comprehensive Bilateral Dialogue.” The comprehensive bilateral dialogue will have all the “pillars” of Indo-Pak relationship and will include confidence… Continue reading Indo-Pak resume talk
Governments use a variety of public procurement methods. Over time, many variants have got added to the much vilified LCM (least cost method), and QCBS (quality and cost-based selection) options. Recent creative additions in India include viability gap, reverse e-auctions, and hybrid annuity Swiss challenge is a procedure to award contracts , specially for government… Continue reading What is ‘Swiss challenge method’?
The Union Cabinet chaired by the Prime Minister Modi, on March,2015 gave its‘in-principle’ approval for the concept and institutional framework of Sagarmala Project. What’s the prime objective of Sagarmala? The prime objective of the Sagarmala project is to promote port-led direct and indirect development and to provide infrastructure to transport goods to and from ports quickly,… Continue reading A, B, C, D of Sagarmala Project