| Infrastructure in India is key to realising the country's potential but bureaucracy, tough financing and hesitant overseas investments have slowed development in the sector. Policy flip flop, and implementation issues such as land acquisition, environmental clearances, shifting of utilities, shortage of manpower, lack of capacity for designing and vetting of projects have delayed many infrastructure projects. Government-industry nexus, is also resulting in foreign investment shying as the domestic players are more “comfortable” with the system and FDI finds the transaction costs way too high. The draft bill HAS proposed that miners share 26% of their profits with local people who get affected by their projects and a fund -- District Mineral Foundation -- be created. Akin to universal service obligation levy, this step can make economic development and equitable growth more compatible. However, one can argue on the profit share number, as it should not discourage investment. The Comptroller and Auditor General (CAG) has, in its latest communication, told the department of telecom (DoT) that a vast majority of the 126 licences controversially issued by the government in 2008 are illegal. My low faith in the Indian institutions such as the CBI will only be revived if A. Raja goes. Democracy and its strength is not measured by the largest voting population and regular elections, but precisely by the strength of its institutions, which are impartial and makes everyone accountable to law. It may be naïve to expect, that however. The Union power ministry has decided to rework a Cabinet note on hastening the implementation of open access, where large consumers of power will be allowed to choose their supplier. It seems I have seen this before, there was a committee that had given its proposals and a draft note was circulated. The committee has been asked to reconvene and send fresh proposals and it goes on… but no open access! Electricity Act 2003, deadline of January 27, 2009, for grant of open access to all consumers with electricity requirements of above one MW, no open access…. A never-ending saga of the mendaciousness of the government. The Supreme Court has held that the Competition Commission of India can ask for investigations into unfair trading practices by companies without being challenged before the Competition Appellate Tribunal. A landmark judgement as it defines the role of an infant institution and provides it with teeth. Competition watchdog with no canines would have been not a watch dog! |