State-run electricity distribution companies (discoms) of Maharashtra and Tamil Nadu
have opposed the central government panel’s recommendation to make advance
payments to power producers. The recommendation was made by a committee which
was constituted by the Union power ministry ‘to look into the issue of delayed payments
by discoms’ to power generators.
At a time when exports are battling a global slowdown, the latest restriction on steel
product imports will add to the woes of India’s engineering goods exporters, said the
Engineering Export Promotion Council (EEPC) as steel is raw material for engineering
In a letter to Union Commerce and Industry Minister Piyush Goyal, EEPC Chairman
Ravi Sehgal said a Directorate General of Foreign Trade notification of September 5, in
the name of Steel Import Monitoring System, has mandated compulsory registration for
import of most of the steel products — under Chapter 72 and few products under
Chapter 73 and 86 of ITC (HS).
Fitch Ratings forecasted India's economic growth at 6.6% during the current year, down
from 6.8% in the previous year. It said GDP (gross domestic product) growth is likely to
rebound to 7.1% next year.
The government is planning to issue a set of guidelines for allocating road projects on
Build-Operate-Transfer (BOT) basis that will ensure a certain level of preparedness
before awarding projects as it looks to revive private investment in the sector.
Apart from making changes in the concession agreement and exit clauses, among others, the ministry of road transport and highways will firm up the guidelines to ensure
risks are largely eliminated to revive the mode of project construction, a government
The board of National Highways Authority of India (NHAI) has cleared a plan to
monetize its land parcels along highways to part-fund the huge land acquisition costs
for building roads, a top official has said.
State Bank of India is “examining” a proposal from the National Highways Authority of
India (NHAI) to lend as much as ₹ 35,000 crore through securitisation of toll receipts to
part-fund highway projects this year, Chairman Rajnish Kumar has said.
Road Transport & Highways Minister Nitin Gadkari said that NHAI will
securitise/monetise toll receipts from projects and raise funds.