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In the fresh PPP policy being hammered out, the state is likely to hike viability gap funding contribution from existing 20 per cent to 30 per cent of the project cost
Rs 7,453 cr viability gap fund for offshore wind energy projects okayed
Under India AI Mission, a key focus area is to develop high-end compute capacity within the country, for which the government will facilitate the setting up of more than 10,000 GPUs under PPP model
The Pakistan Muslim League-Nawaz and the Pakistan Peoples Party have struck a power-sharing deal to form a coalition government led by ex-prime minister Shehbaz Sharif, a move that could effectively keep their arch-rival Imran Khan out of power after the controversial elections. Both the PML-N and the PPP won fewer seats in Parliament than candidates backed by jailed former prime minister Imran Khan in an election mired in controversies, including vote rigging. Khan, who could not contest the February 8 elections due to his convictions in some cases, including that of corruption, has been barred from holding any public office for 10 years. At a joint news conference here late Tuesday night after marathon negotiations, Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari announced that Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif, 72, will assume the role of the prime minister once again. Similarly, PPP co-chairman Asif Ali Zardari, 68, will be the joint ...
The Minister affirmed that the Bharat Semiconductor Research Centre will become one of the leading semiconductor research institutes in the next four to five years across the world
Tax sops for coastal shipping, incentives for PPP, PLI for green shipping on cards
Central and state governments are expanding funding support for projects, but will need the private sector's support
Its economic problems due to ageing, low birth rate, and poor gender ratios should serve as a wake-up call for India
Chhattisgarh Chief Minister Bhupesh Baghel inaugurated an 80 kilo litre per day (KLPD) ethanol plant in public-private partnerships (PPP) mode
The Odisha government has notified a new Public Private Partnership (PPP) Policy, 2023 to attract private investment in the construction of public infrastructure. The new policy notified by the state Finance Department will be applicable to all infrastructure projects including roads, bridges, ports, railways, airports, irrigation, helipads, industrial parks, logistic hubs, water supply, power, tourism, sports, healthcare, education, and inland waterways implemented through the PPP route. The government has also made a provision for levying user fees to boost the commercial viability of the projects and the amenability of private sector participation, according to a notification. As per the policy, projects with capital expenditure up to Rs 10 crore will be approved by the director of the PPP Cell of the state government, provided that these projects do not require any assistance from the Odisha Infrastructure Development Fund (OIDF) or the state Viability Gap Funding (VGF). For it
The Cochin International Airport Ltd, the first Greenfield airport setup in Public Private Partnership (PPP) model in the civil aviation infrastructure sector in the country, on Monday declared a record net profit of Rs 267.17 crore for the year 2022-23. In a statement here, the company also announced the highest dividend of 35 per cent for the last fiscal year. The Director Board meeting, chaired by Chief Minister Pinarayi Vijayan, which was held today, finalised the balance sheet and proposed a dividend of 35 per cent to the investors, subject to the endorsement of the Annual General Meeting slated to be held on September, 28, CIAL said. The company said this was the highest dividend ever offered by it in its 25-year operational history. "The board also decided to implement a development strategy accentuating its effort to increase the group turnover to Rs 1,000 crore during the ongoing silver jubilee year," the release said. Chief Minister Pinarayi Vijayan, the chairman of the
Had sought participation of pvt players but efforts have proved inconclusive
DFCC plans to award 10 terminals by August, raise Rs 100 crore in monetisation
The aim is to connect vital, high-demand economic areas which have an infrastructure deficit or traditional transport like roadways and railways that have reached saturation
Responding to a question regarding police's attempt to arrest Imran Khan and whether he was consulted, Zardari said, "It is the prerogative of the interior minister... why would he consult me?"
Budget 2023: Co-working space companies want the Centre to reduce the rate of tax deducted at source on their services
The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction (EPC) mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway colonies and railway land parcels among others. "Largest asset class (stations) dropped. Stations earlier proposed on PPP mode are now being taken up under EPC mode," the source said. The ministry has so far raised only Rs 1,829 crore against the target of Rs 30,000 crore in the current financial year, the source added. "Likely realisation from asset monetisation of Indian Railways assets under NMP (National Monetisation Pipeline) in the current fiscal has been now estimated at Rs 4,999 crore," the source said. Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran
The protests are expected to cast shadow on the completion of the first phase of the project in December 2023
The mega project is estimated to be commissioned in November 2025