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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 government / statutory entity / 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 BOT model, Performance based management/maintenance contracts and Modified design-build (turnkey) contracts. Today, there are hundreds of PPP project ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Deputy Chairman, Planning Commission Dr
''The'' () is a grammatical article in English, denoting persons or things 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 pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Highways Development Project
The National Highways Development Project (NHDP) is a project to upgrade, rehabilitate and widen major highways in India to a higher standard. The project was started in 1998 under the leadership of Prime Minister, Atal Bihari Vajpayee. 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 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 Golden Quadrilateral (GQ; 5,846 km) connecting the four major cities of Delhi, Mumbai, Chennai and Kolkata. Thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of India
The economy of India has transitioned from a mixed planned economy to a mixed middle-income developing social market economy with notable state participation in strategic sectors. * * * * It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). According to the International Monetary Fund (IMF), on a per capita income basis, India ranked 142nd by GDP (nominal) and 125th by GDP (PPP). From independence in 1947 until 1991, successive governments followed Soviet style planned economy and promoted protectionist economic policies, with extensive state intervention and economic regulation. This is characterised as dirigism, in the form of the License Raj. The end of the Cold War and an acute balance of payments crisis in 1991 led to the adoption of a broad economic liberalisation in India. Since the start of the 21st century, annual average GDP growth has been 6% to 7%, and from 2013 to 2018, India was the world's f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public-private Partnerships By Country
Australia A number of Australian state governments have adopted systematic programmes based on the Private Finance Initiative. The first, and the model for most others, is Partnerships Victoria. While some PPP projects have proceeded smoothly, others have been highly controversial. Australian examples include the Airport Link, the Cross City Tunnel, and the Sydney Harbour Tunnel, all in Sydney; the Southern Cross station redevelopment in Melbourne; and the Robina hospital in Queensland. In the 2010s, the States of New South Wales, Queensland and Victoria implemented policies to encourage market-led proposals, where potential private partners can pitch PS projects for consideration by the government. Bangladesh In Bangladesh, the Infrastructure Investment Facilitation Center facilitates private sector investment. As a result of their efforts, the telecom sector has become a very active private investment area. Canada In Canada, public–private partnerships have become ... [...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 financialisation, and presented as a means for increasing accountability and efficiency for public spending. PFI was 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 then-chancellor Philip Hammond announced that the UK government would no longer use PFI; however, PFI projects will continue to operate for some time to come. In 2021, Robert Naylor warned ... [...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 1990â ... [...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 Com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peninsular And Oriental Steam Navigation Company
P&O (in full, The Peninsular and Oriental Steam Navigation Company) is a British shipping and logistics company dating from the early 19th century. Formerly a public company, it was sold to DP World in March 2006 for £3.9 billion. DP World currently operate several P&O branded businesses, P&O Ferries, Istithmar World, Istithmar P&O Estates, and P&O Maritime Logistics. It also operates P&O Heritage, which is the official historic archive and collection of P&O. P&O Cruises was sold in 2000, and is now owned and operated by Carnival Corporation & plc. The former shipping business, P&O Nedlloyd, was bought by and is now part of Maersk Line. History Early years and expansion: 1822–1900 In 1822, Brodie McGhie Willcox, a London ship broker, and Arthur Anderson (businessman), Arthur Anderson, a sailor from the Shetland Isles, went into partnership to operate a shipping line, primarily operating routes between England and Spain and Portugal. In 1835, Dublin shipowner Captain Ric ... [...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 Nhava Sheva. The port is the largest one in the Bay of Bengal. It is the third-oldest port among the 13 major ports of India with official port operations beginning in 1881, although maritime trade started much earlier in 1639 on the undeveloped shore. It is an artificial and all-weather port with wet docks. Once a major travel port, it became a major container port in the 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 ''Gateway of South India''. The port has become a hub port for containers, cars and project cargo in the east coast of India. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mumbai
Mumbai (, ; also known as Bombay — the official name until 1995) is the capital city of the Indian state of Maharashtra and the ''de facto'' financial centre of India. According to the United Nations, as of 2018, Mumbai is the second-most populous city in India after Delhi and the eighth-most populous city in the world with a population of roughly 20 million (2 crore). As per the Indian government population census of 2011, Mumbai was the most populous city in India with an estimated city proper population of 12.5 million (1.25 crore) living under the Brihanmumbai Municipal Corporation. Mumbai is the centre of the Mumbai Metropolitan Region, the sixth 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. It has the highest number of millionaires and billionaires among all cities i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jawaharlal Nehru Port Trust
Jawaharlal Nehru Port Trust (JNPT) or JLN Port, also known as Nhava Sheva Port, is the second largest container port in India after Mundra Port. Located in Navi Mumbai's Raigad district, this port on the Arabian Sea is accessed via Thane Creek. It's a nodal city of Navi Mumbai. Its common name derives from the names of Nhava and Sheva villages that are situated here. This port is also the terminal of Western Dedicated Freight Corridor. History The port was established on 26 May 1989. JN Port is the second largest container handling port in India after Mundra Port, crossing the historic landmark of 4 million TEUs (Twenty-foot equivalent units) in container throughout consecutively for the last five years. JNP consist of a full-fledged Custom House, 30 Container Freight Stations and connectivity to 52 Inland Container Depots across the country. The hinterland connectivity both by rail and road is being further strengthened by ongoing projects like the Dedicated Freight Cor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North–South And East–West Corridor
The North–South–East–West Corridor (NS-EW) is the largest ongoing highway project in India. It is the second phase of the National Highways Development Project (NHDP), and consists of building 7300 kilometers of four/six lane highways associating Srinagar, Kanyakumari, Kochi, Porbandar and Silchar, at a cost of US$12.317 billion (at 1999 prices). , 6875 of the 7142 kilometers project has been finished. In combination with the Golden Quadrilateral network, and port connectivity highways, the NS-EW Corridor forms a key part of the Indian highway network, connecting many of its important manufacturing, commerce and cultural centers. As of May 2012, India has completed and placed in use some 15,800 kilometers of such 4-lane highways. The NS–EW project is managed by the National Highways Authority of India under the Ministry of Road Transport and Highways. Route Only National Highways are used in the two corridors. North–South Corridor This is a corridor via NH 44 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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