INFRASTRUCTURE DEVELOPMENT FINANCING IN - Hardcover

MANI N.

Hardcover

ISBN 10: 8177083090 ISBN 13: 9788177083095

Publisher: New Century Publications, 2012

Synopsis

Availability of adequate, efficient and affordable infrastructural facilities -- power, transport, communications, irrigation and others -- constitutes the core of development strategy and efforts. Unfortunately, infrastructural bottlenecks remain the biggest stumbling block of industrial progress in India. By their very nature, infrastructure projects involve huge initial investments, long gestation periods and high risk. Various initiatives have been taken for the development of infrastructure in India after the initiation of economic reforms in the early 1990s. India Infrastructure Finance Company Limited (IIFCL) was incorporated on January 5, 2006 to lend funds, of longer term maturity, directly to the eligible projects to supplement other loans from banks and financial institutions. Broad guidelines were issued on September 23, 2011 for setting up Infrastructure Debt Funds (IDFs) to facilitate flow of funds into infrastructure projects. Electricity Act, 2003 recognises trading of power as a distinct activity and permits State Electricity Regulatory Commissions (SERCs) to allow open access in distribution of electricity in phases that would ultimately encourage efficiency and competition. Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) was launched by the Prime Minister on April 4, 2005. This scheme is for rural electricity infrastructure and household electrification. The National Highways Development Project (NHDP)the largest highway project ever undertaken by the countryis being implemented by the National Highways Authority of India (NHAI). National Telecom Policy, 2011 seeks to maximize public good by making available affordable, reliable and secure telecommunication and broadband services across the entire country. Special Economic Zones Act, 2005 seeks to promote value addition component in exports, generate employment and mobilise foreign exchange. Planning Commission, Government of India, in its Approach Paper released in October 2011 has projected an investment in infrastructure of over '' 45 lakh crore (about US$ 1 trillion) during the Twelfth Five Year Plan (2012-17). It is projected that at least 50 percent of this investment will come from the private sector as against the 36 percent anticipated in the Eleventh Five Year Plan (2007-12). This book provides an exhaustive and analytical account of various facets of infrastructure development in India. It contains 32 chapters which are categorised under the following 8 theme parts: Part I: Infrastructure and Economic Development. Part II: Energy Needs, Sources and Management. Part III: Transport Services. Part IV: Telecommunications, Information Technology (IT), Postal Services, and Broadcasting. Part V: Special Economic Zones (SEZs). Part VI: Water Resources and Irrigation. Part VII: Rural Infrastructure and Services. Part VIII: Urban Infrastructure and Services. Besides, there are 9 Appendices which contain varied information on infrastructure in India.

About this title

About the Author

Dr. N. Mani is presently Head of the Postgraduate and Research Department of Economics, Erode Arts and Science College, Erode, Tamil Nadu. He holds M.A., M.Phil. and Ph.D. degrees from Bharathiar University, Coimbatore. Specializing in development economics, he has 30 years of teaching experience to postgraduate and undergraduate classes. He successfully completed 2 major research projects sponsored by the University Grants Commission (UGC), New Delhi. He is currently engaged in a research project sponsored by Indian Council of Social Science Research (ICSSR), New Delhi. Dr. Mani has published 11 books and written several papers on varied subjects in reputed journals and dailies. He is also the former President of Tamil Nadu Science Forum and was organizing secretary of the National Children Science Congress, 2006. He has also organised more than 10 state, national and international level seminars, conferences and workshops. He has successfully guided and supervised the works of 6 Ph.D. and 14 M.Phil. scholars. He is a member of various academic bodies including Indian Society of Labour Economics and Indian Society of Agricultural Economics.

Edition details

• Publisher: New Century Publications
• Publication date: 2012
• Language: English
• ISBN 10: 8177083090
• ISBN 13: 9788177083095
• Binding: Hardcover
• Number of pages: 1