The government is out to remove regulatory obstacles to growth days after India's GDP data showed a worrying slump to 6.5% in 2011-12, the worst in nine years. Finance Minister Pranab Mukherjee will today review 32 large infrastructure projects involving a total investment of about Rs180,000 crore with a view to removing bottlenecks in their way.
Finance minister's intervention will help kick these large projects that have been languishing for want of statutory and regulatory approvals. Mukherjee reviewed 25 large infra projects in October and November last year.
The FM has called for an action taken report on these 25 projects and will also take up seven new large projects costing Rs28,652 crore in the power, steel and real estate sectors. In addition, the Finance Minister has also chosen to take up issues over uncertainty of coal supply to power sector.
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Finance minister's intervention will help kick these large projects that have been languishing for want of statutory and regulatory approvals. Mukherjee reviewed 25 large infra projects in October and November last year.
The FM has called for an action taken report on these 25 projects and will also take up seven new large projects costing Rs28,652 crore in the power, steel and real estate sectors. In addition, the Finance Minister has also chosen to take up issues over uncertainty of coal supply to power sector.
....more info