Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages.
Certain changes and alignments under various provisions of the FDI policy have also been made to provide greater clarity through an updated, consistent and easily comprehensible framework for overseas investment in LIC. This was crucial as the existing policy doesn't have any specific provision for overseas investment in LIC, which is a statutory corporation established under the LIC Act, 1956.
The Union Cabinet is likely to consider on Saturday a proposal seeking changes in the foreign direct investment (FDI) policy to facilitate disinvestment of the country's largest insurer LIC, sources said.
India and Russia bilateral payments are made in Indian rupee. For both imports and exports, payments are made or received in rupee for shipments. So, sanctions by the West may not have an impact on the payments, barring exchange rate fluctuation, sources said on Friday.
If the central bank is embarking on the path of rate tightening and liquidity normalization, it should ‘say it openly’ instead of holding the reverse repo rate, says Varma.
A few international flights to and from India also could get marginally longer with some countries barring Russian planes from their airspace and then asking their airlines to avoid parts of Russian airspace.
“I predict we will grow 7-8% in the next decade provided the Covid is behind us. However, if we want to reap the full benefits of reforms we need to open up and increase our scale of operations,” Panagariya said. He was referring to the four big reforms in the forms of Bankruptcy Code, labour reforms, GST and Corporate Tax.