Advocate Rakesh Singh

FDI IN RAILWAY SECTOR Reserve Bank of India vide notification dated 8th December 2014, has permitted 100% FDI in railway Infrastructure sector under automatic route subject to conditions. Accordingly, it has been decided to permit FDI in the following activities of the Railway Transport sector: “Construction, operation and maintenance of the following: Suburban corridor projects through PPP, High speed train projects, Dedicated freight lines, Rolling stock including train sets, and locomotives/coaches manufacturing and maintenance facilities, Railway Electrification, Signaling systems, Freight terminals, Passenger terminals, Infrastructure in industrial park pertaining to railway line/sidings including electrified railway lines and connectivities to main railway line and Mass Rapid Transport Systems. Further, FDI beyond 49% of the equity of the investee company in sensitive areas from security point o...

Dedicated to comrade Govind pansare:- India has the second largest road system in the world with a road length of about 3.3 million kms. There is, however, a high disparity in construction quality and road conditions nationwide. To reduce the congestion and improve road quality, the central and state governments have focused on road development projects in the recent years. Public private partnerships have also been leveraged through the Build, Operate and Transfer (BOT) framework. The primary revenue generation for these BOT projects is through tolls. Due to difficulties and costs of toll collections, the government has also initiated annuity based BOT projects, wherein revenue streams would be provided to the BOT operator, either based on traffic volumes, or as a pre-determined amount. Toll tax is collected to recover the total capital outlay which includes the cost of construction, repairs, maintenance, expenses on toll operation and interest on the outlay. The n...

OLD DCR RULES Salient Features 1. The Development Control Regulations (DCR) for Greater Mumbai, 1991, apply as a regulatory compulsion on building activities and development work in areas under the jurisdiction of Municipal Corporation of Greater Bombay. 2. The Regulation came into force on March 25, 1991 which replaced the DC Rules for Greater Bombay framed under Maharashtra Regional and Town Planning Act, 1966. 3. The regulation states that every person who wishes to carry out development or re-development of a building or alter any building or part of a building is to give a notice to the Commissioner, along with plans and statements. Construction is to be carried out in conformity to the regulations. 4. Under the DCR, the Metropolitan Commissioner has been the final authority for interpretation of its provisions and his decision would be final. The Metropolitan Commissioner could use his discretion to condone provisions of these Regulations except the provis...