Budget 2017: “Big Bang” on Infrastructure

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By: Ramesh Vaidyanathan

The budget has been big bang as far as infrastructure is concerned, as is evident from the increased allocation for the sector. The sizable government spend on this sector is expected to have a multiplier effect in kick-starting consumption and increasing economic activity. Some of the specific initiatives proposed are the following:

International Solar Alliance Agreement

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By: Ramesh Vaidyanathan and Neil Lopez

India had recently ratified the International Solar Alliance (ISA) Framework Agreement. The ISA Agreement seeks to create a global alliance between nations to promote solar energy by formulation of various policies and programmes.

The ISA aims to bring at least 120 solar rich nations situated in the Tropic of Cancer and Tropic of Capricorn, known as sunshine countries, on a common platform to facilitate research and development of efficient solar technologies. Apart from countries such as Brazil and France, it has international organizations such as the United Nations Development Programme and the World Bank as members. Even non-sunshine countries such as the USA and UK have expressed interest in joining

Transfer of mining concessions should help trigger M&A activity

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By: Probal Bose

Blessed with vast mineral resources and with the growing demand for metals and minerals, mining is one of the key drivers of the Government’s ‘Make in India’ program. There has been a concerted effort by the Government to ease the regulatory hurdles in doing business in various sectors and the mining sector has been no exception. The Mines and Minerals (Development and Regulation) Act (“Act”), which sets out the regulatory framework for the mining sector in India, was amended on 6th May 2016 to enable specific transfer of mining concessions acquired through the non-auction route.