In an interview with CNBC-TV18 he said that PPP model needs to be revitalized and the government should hire an independent regulator for roads.
The NHAI is involved in 112 legal disputes with infrastructure companies — valued at over Rs 25,000 crore and unless these legal disputes are settled or disposed off, NHAI's target of laying o30 kilometres per day in FY16 will be in jeopardy
"PPPs are an important policy instrument that will enable India to compress time in this journey towards economic growth and development. A successful and growing stream of PPPs in infrastructure will go a long way in accelerating the country's development process," said the report, which was made public by the Finance Ministry.
In an interview to CNBC-TV18, Shaktikanta Das, Secretary - Economic Affairs spoke about the Kelkar Committee's report on public private partnership (PPP).
In an interview to CNBC-TV18, Abhay Laijawala, head of research, Deutsche Equities India hails the Government's move to hike the diesel prices by 51 paisa per litre.
Gagan Dixit of Quant Broking explains on CNBC-TV18 that the government's decision authorising OMCs to make small and periodic changes in diesel prices is part of the recommendations submitted by the Kelkar Committee
Mehraboon Irani of Nirmal Bang Securities is cautiously optimistic for fuel price hike. In an interview to CNBC-TV18, Irani said that the oil and gas stocks have reached a level where they have nowhere to go, but to go up.
The Cabinet Committee on Investments, headed by the PM, will meet around January 15. Investments in oil sector worth USD 13.5 billion that are stuck for want of clearances is top on the agenda, reports Nayantara Rai of CNBC-TV18.
The government may struggle to push through a phased hike in diesel prices as it attempts to implement the recommendations of the Kelkar Committee on subsidies, feels Gautam Chhaochharia of UBS.
Restoring investor confidence and reversing economic slowdown which kept the Finance Ministry in a difficult year would continue to be its priority in 2013 with everyone looking forward to the Budget to be presented by new incumbent P Chidambaram two months from now in February.
CNBC-TV18's Nayantara Rai, quoting sources, reports that the oil ministry is trying to build consensus for the government to implement the Kelkar Committee's report on fiscal consolidation
The government will endeavour to maximise revenue collection and contain expenditure to restrict fiscal deficit to 5.3 percent of the Gross Domestic Product (GDP) in the current financial year, Finance Minister P Chidambaram has said.
In order to encourage retail investors, the Kelkar committee has suggested that government should consider floating exchange traded fund (ETF) comprising shares of only those PSUs which have good financial track records.
CNBC-TV18‘s Aakansha Sethi reports on the finance ministry‘s reaction to the suggestions submitted in the Kelkar Committee report.
CNBC-TV18‘s economy editor Siddarth Zarabi explains various aspects of the Kelkar Committee report which was submitted to the government.