|
Public–private Partnerships In India
The public–private partnership (''PPP'' or ''3P'') is a commercial legal relationship defined by the Government of India in 2011 as "a''n arrangement between a statutory / government owned entity on one side and a private sector entity on the other, for the provision of public assets and/or public services, through investments being made and/or management being undertaken by the private sector entity, for a specified period of time, where there is well defined allocation of risk between the private sector and the public entity and the private entity receives performance linked payments that conform (or are benchmarked) to specified and pre-determined performance standards, measurable by the public entity or its representative''". The Government of India recognizes several types of PPPs, including: User-fee based Build–operate–transfer, BOT model, Performance based management/maintenance contracts and Modified design-build contracts (turnkey). Today, there are hundreds of PPP ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Deputy Chairman, Planning Commission Dr
''The'' is a grammatical article in English, denoting nouns that are already or about to be mentioned, under discussion, implied or otherwise presumed familiar to listeners, readers, or speakers. It is the definite article in English. ''The'' is the most frequently used word in the English language; studies and analyses of texts have found it to account for seven percent of all printed English-language words. It is derived from gendered articles in Old English which combined in Middle English and now has a single form used with nouns of any gender. The word can be used with both singular and plural nouns, and with a noun that starts with any letter. This is different from many other languages, which have different forms of the definite article for different genders or numbers. Pronunciation In most dialects, "the" is pronounced as (with the voiced dental fricative followed by a schwa) when followed by a consonant sound, and as (homophone of the archaic pronoun ''thee'') ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Highways Development Project
The National Highways Development Project (NHDP) was a project of four laning of existing national highways and six laning of selected major national highways of India. The project was started in 1998 under the leadership of Prime Minister of India, Prime Minister, Atal Bihari Vajpayee. National Highway (India), National Highways account for only about 2% of the total length of roads, but carry about 40% of the total traffic across the length and breadth of the country. This project is managed by the National Highways Authority of India (NHAI) under the Government of India#The Union Ministries, Ministry of Road, Transport and Highways. The NHDP represents 49,260 km of roads and highways work and construction in order to boost economic development of the country. The government has planned to end the NHDP program in early 2018 and subsume the ongoing projects under a larger Bharatmala project. Project phases The project is composed of the following phases: * Phase I: The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of India
The economy of India is a Developing country, developing mixed economy with a notable public sector in strategic sectors. * * * * It is the world's fourth-largest economy by gross domestic product, nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked List of countries by GDP (nominal) per capita, 136th by GDP (nominal) and List of countries by GDP per capita (PPP), 119th by GDP (PPP). From Independence of India, independence in 1947 until 1991, successive governments followed the Economy of the Soviet Union, Soviet model and promoted Protectionism, protectionist economic policies, with extensive Sovietization, state intervention, demand-side economics, natural resources, bureaucrat-driven enterprises and economic regulation. This is characterised as dirigism, in the form of the Licence Raj. The end of the Cold War and an acute 1991 Indian economic crisis, balance of payments crisis in 1991 led to the adoption of a broa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Finance Initiative
The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 1992 by Prime Minister John Major, and expanded considerably by the Blair government, PFI is part of the wider programme of privatisation and macroeconomic public policy, and presented as a means for increasing accountability and efficiency for public spending. PFI is controversial in the UK. In 2003, the National Audit Office felt that it provided good value for money overall; according to critics, PFI has been used simply to place a great amount of debt "off-balance-sheet". In 2011, the parliamentary Treasury Select Committee recommended: In October 2018, the Chancellor Philip Hammond announced that the UK government would no longer use PFI for new infrastructure projects; however, PFI projects would continue to operate for some time ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public–private Partnership In Transition Economies
Public–private partnerships in transition economies have become increasingly popular since 1990. They are based on the experience of Public- Private Partnerships (PPPs) in developed countries since the model again became popular in the 1980s. PPP has yet to prove that it is appropriate in transition economies because of political and economic differences. Types and sectors Two broad categories of the PPPs can be identified: joint ventures between public and private stakeholders; and contractual PPPs. PPPs have been created worldwide in sectors including power generation and distribution, water and sanitation, refuse disposal, pipelines, hospitals, school buildings and teaching facilities, stadiums, airports and air traffic control, prisons, railways, roads, information technology and housing. Partnerships in developing countries According to the ADB, Privatization and PPPs have reached nearly all developing countries, generating more than $400 billion in proceeds in 199 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kelkar Committee On PPP In India
Kelkar committee to evaluate PPP in India was a committee set up to study and evaluate the extant public-private partnership (PPP) model in India. The committee was set up by India's central government and headed by Vijay Kelkar. The committee was set up following 2015 Union budget of India by the then finance minister of India Arun Jaitley. It comprised 10 members. The committee submitted its recommendations to Jaitley on 19 November 2015. Members Following were the members of the committee: * Sharmila Chavaly - Joint Secretary at the department of Economics was the committee secretary. * C. S. Rajan - Chief Secretary, Rajasthan, * S. B. Nayar - chairman and managing director of Indian Infrastructure Finance Co. Ltd. * Shekhar Shah - Director General of National Council of Applied Economic Research (NCAER). * P. Pradeep Kumar - Managing Director of corporate banking group of State Bank of India. * Vikram Limaye - Managing director of Infrastructure Development Finance Comp ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Sector
The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, public infrastructure, public transit, public education, along with public health care and those working for the government itself, such as elected officials. The public sector might provide services that a non-payer cannot be excluded from (such as street lighting), services which benefit all of society rather than just the individual who uses the service. Public enterprises, or state-owned enterprises, are self-financing commercial enterprises that are under public ownership which provide various private goods and services for sale and usually operate on a commercial basis. Organizations that are not part of the public sector are either part of the private sector or voluntary sector. The private sector is composed of the economic sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chennai Port
Chennai Port, formerly known as Madras Port, is the second largest container port of India, behind Mumbai's Jawaharlal Nehru Port also known as Jawaharlal Nehru Port, Nhava Sheva. The port is the largest one in the Bay of Bengal. It is the third-oldest port among the 12 major ports of India with official port operations beginning in 1881, although Maritime transport, maritime trade started much earlier in 1639 on the undeveloped shore. It is an artificial and all-weather port with Dock (maritime), wet docks. Once a major travel port, it became a major container port in the Post-independence History of India, post-Independence era. An established port of trade of British India since the 1600s, the port remains a primary reason for the economic growth of Tamil Nadu, especially for the manufacturing boom in South India, and has contributed greatly to the development of the city of Chennai. It is due to the existence of the port that the city of Chennai eventually became known as the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25 crore). Mumbai is the centre of the Mumbai Metropolitan Region, the seventh-most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. Mumbai has the highest number of billionaires out of any city in Asia. The seven islands that constitute Mumbai were earlier home to communities of Marathi language-speaking Koli people. For centuries, the seven islands of Bombay were under the control of successive indigenous rulers before being ceded to the Portuguese Empire, and subsequently to the East India Company in 1661, as part of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jawaharlal Nehru Port Trust
Jawaharlal Nehru Port, also known as JNPT and Nhava Sheva Port, is the second largest container port in India after Mundra Port. Operated by the Jawaharlal Nehru Port Trust Authority (JNPTA), it is located on the eastern shores of Arabian Sea in Navi Mumbai, Raigad district, Maharashtra. This port can be accessed via Thane Creek, a nodal city of Navi Mumbai. It is the main port of the Mumbai Metropolitan Region after Mumbai Port, also of Maharashtra and Western India. Its common name derives from the names of Nhava-Sheva (new sheva) village that is situated here. It is also the terminal of the Western Dedicated Freight Corridor. As of January 2023, the port is undergoing upgrades with the help of a loan agreement signed between the Asian Development Bank (ADB) and Nhava Sheva Freeport Terminal Private Limited (NSFTPL). The loan of $131 million will be used to improve the terminal's infrastructure, increase its container handling capacity, upgrade existing berths and yards, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North–South And East–West Corridor
The North–South and East–West Corridor is a network of National Highway (India), national highways connecting major cities of India. It consists of two highway systems – the North–South highway extending from Srinagar in the north to Kanyakumari in the south with a spur to Kochi and the East–West highway extending from Silchar in the east to Porbandar in the west. The project was part of the first phase of the National Highways Development Project executed by the Government of India. The roads were constructed and are maintained by the National Highway Authority of India under the purview of the Ministry of Road Transport and Highways. The road system consists of access controlled four or six-lane highways, built at a cost of billion. , about of the project was complete. Background and planning In 1998, the Government of India launched the National Highways Development Project (NHDP). The project envisaged the development of about of four and six lane highwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
