Task force to identify infra projects

Why is it in the news?
  • The Government constituted an inter-ministerial task force to draw up annual National Infrastructure Pipeline for each of the five years.
Highlights of the Report
    • The task force will be headed by Economic Affairs Secretary.
    • It will submit its Report on the pipeline for FY 2019-20 by October 31, 2019 and on the indicative pipeline for FY 2021-25 by December 31, 2019.
    • The terms of reference of the task force will include:
      1. Identifying technically feasible and financially/ economically viable infrastructure projects that can be initiated in FY 2019-20.
      2. Listing the projects that can be included in the pipeline for each of the remaining 5 years between FY 2021-25.
      3. Estimating annual infrastructure investment/capital costs.
      4. Guiding the Ministries in identifying appropriate sources of financing
      5. Suggesting measures to monitor the projects so that cost and time overrun is minimized.
    • Significance of Infrastructure building:
      1. Availability of quality infrastructure is a pre-requisite to achieve broad-based and inclusive growth on a sustainable basis.
      2. Investment in infrastructure is also necessary for sustaining the high growth rate of India.
      3. To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs. 100 lakh crore) over these years on infra.
Source
The Hindu.




Posted by Jawwad Kazi on 11th Sep 2019
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