Centre working hard to re-start stalled projects: Sinha

The Centre is seriously working on kick starting 1,400-odd stalled projects, which are keeping the banking system under stress, Union Minister of State for Finance Jayant Sinha said today.
"The government is working to restart the 1,400-odd stalled projects, which is creating a stress on the banking system, and put them back on track," he said at an interaction organised by the Bharat Chamber of Commerce here.
He said the PMO is seized of the matter, adding that the government is addressing the issues of land acquisition, environmental matters and fuel linkages, which are seen to be holding up the projects.

The issue of fuel linkages, the minister said, had been largely resolved as the government had allocated the cancelled coal blocks.
Stating that the Centre was committed to taking the GDP growth to 8-10 per cent in the next decade in a non-inflationary mode, he said it was imperative to build the country's productive capacity by creating "hard and soft assets".
Asked whether the government was prepared to tackle the problem of less-than-normal monsoon as predicted by the IMD recently, Sinha said a number of contingency plans and rapid response mechanisms are in place.
"We are fully prepared to deal with the situation as last year also witnessed a deficit monsoon," he added.