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Minister of State for Civil Aviation VK Singh said that the airports had been selected after looking at their annual traffic trends and all airports having annual traffic of above 0.4 million passengers have been selected for privatisation.
Union Finance Minister Nirmala Sitharaman announced the NIP in December 2019. Under the NIP, the government has projected total infrastructure investment worth Rs 111 lakh crore during FY20-25.
Capital goods companies believe that the cascading effect of the government spending on capex and infrastructure will boost their order book and help them recover fast from the COVID-19 pandemic.
While the recently announced National Infrastructure Pipeline is a step in the right direction, there are a few other areas which need to be addressed on a priority basis given the global experiences in PPPs.
National Fertilizers‘ third quarter net profit jumped 104 percent at Rs 47 crore against Rs 23 crore, Y-o-Y. The urea business EBIT rose 101 percent to Rs 175.5 crore versus Rs 87 crore.
CRISIL believes that the Government of India's (GoI's) fertiliser subsidy is unlikely to reduce even after new plants are set up under the New Urea Investment Policy (NIP) 2013.