Canadian Pension Funds worth a whopping 900 billion dollars could be available for infrastructural financing. This number is really huge, given the projected total requirement is only about 500 billion dollars for the next five years. Say cheers! Also, to speed up the process of project completions,Department of Expenditure under the finance ministry has recently, increased the financial limits of projects (that required approval from the cost-approving bodies) from the previously 100 crores to now 150 crores. And talking about projects, as a quick reminder, Maharashtra is playing big games as it prepares to witness projects worth Rs. 70,000 crores (most of them are SEZs) within three years time. Another state that needs a mention here is Punjab, which recently introduced e-tendering and e-procurement for any project worth more than a crore. Measures like show that states really are keen to fasten up the whole process, so as to keep pace with the high growth rate the country is witnessing.

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By: vishwas on June 4, 2008
at 11:15 am