The Fiscal Responsibility and Budget Management (FRBM) panel headed by former Revenue Secretary and Rajya Sabha MP N K Singh ,which will be submitting its report tot Finance Minister by October 31 is likely to come up with a new roadmap.
Tata and Nilekani are bringing in their investments from their respective philanthropic capital, and any gains will be reinvested in philanthropic causes, Tata Trusts said in a statement.
"The most important reform will be GST which will bring this country as one market. Launching of GST has taken us into next very rapid phase of growth," Kelkar, a noted economist, said at a Skoch summit here.
"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.
This report has dealt with issues ranging from capacity creation and contractual problems. This government has been talking about resurrecting the infrastructure space for a while now.
Besides, issues concerning dispute resolution with regard to concession agreement for implementing, Public Private Partnership (PPP) projects were also discussed.
Among the members of the committee are C S Rajan, Chief Secretary, Rajasthan Government; S B Nayar, CMD, IIFCL; Shekhar Shah, Director General, NCAER; Pradeep Kumar, MD, CBG, SBI; Vikram Limaye, MD, IDFC; P S Behuria, former IRS and Sudipto Sarkar, Barrister-at-law, Kolkata.
The 10-member Committee, headed by former petroleum and finance secretary Vijay Kelkar, said the PSC regime was more suited for Indian conditions rather than the revenue-sharing model based on the Rangarajan panel adopted by UPA govt.
Moily said there were problems earlier in getting bidders for some blocks because requisite clearances were not in place. He, however, is hopeful that CCEA approval will come by February 15 and roadshows will start thereafter.
Oil minister M Veerappa Moily has asked the Vijay Kelkar panel on energy security to suggest roadmap for freeing natural gas prices by March 2017
India will unveil a shale gas exploration policy in a month as it looks to exploit unconventional hydrocarbon resource to meet its growing energy needs.
CNBC-TV18's Aakansha Sethi explains that the tax experts have called for major changes including pruning the list of exempt items and to add new ones like petroleum products and alcohol, under GST