For the Government of India the first phase of the national solar mission has been a grand success. It not only managed to attract industry to invest in the generation of an energy considered costly, but also dramatically drove down the cost of producing this energy. In its celebration, little did the government realise that a major conglomerate had subverted rules to acquire a stake in the solar mission much...

Mamata Banerjee today lent her voice to a pitch to facilitate land acquisition for a life-saving project — an uncommon plea that betrayed the government’s frustration at the slow pace despite the urgency and the promise of generous compensation. The chief minister persuaded the people of Sunderbans to offer their land to build embankments in low-lying areas of South 24-Parganas, which were devastated by the Aila cyclone in 2009. The embankment project...

The National Bank for Agriculture & Rural Development, or Nabard, has started lending directly to infrastructure projects out of its own resources for the first time in 30 years, in an attempt to diversify its activities and make itself relevant at a time when the dynamics of the rural market are changing.  Essentially a refinance bank till recently, Nabard has created a Rs 1,000-crore special window for lending to build core...

Facing criticism over project delays, the government has decided to get cracking and set up a dedicated forum to remove bottlenecks such as coal linkages and environmental and defence clearances that hold up projects.  Top government officials told TOI that following the meeting of the Prime Minister's Council on Trade & Industry last month, the department of industrial policy and promotion has been asked to identify projects and remove bottlenecks in...

The Sonia Gandhi-led National Advisory Council has recommended a Rs 4,250 crore programme to provide shelters and other amenities to homeless in Class 1 cities in the country. The council has suggested the National Programme for Shelters and Other Services for Urban Homeless to set up 6,800 permanent shelters for around 3 lakh homeless - 15% of the estimated population of people living in the open across urban India. The council, moving...