National Infrastructure Pipeline
Paper: General Studies 3
Why in News?
The government has constituted a task force for drawing up National Infrastructure Pipeline of Rs. 100 Lakh Crore from FY 2019-20 to FY 2024-25
What is NIP?
- The Prime Minister in his Independence Day speech highlighted that Rs.100 lakh crore would be invested on infrastructure over the next five years. Infrastructure projects will include social and economic infrastructure projects. To implement an infrastructure program of this scale, it is important that projects are adequately prepared and launched
- The National Infrastructure Pipeline would include a list of greenfield and brownfield projects costing above Rs 100 crore each, which will be implemented during the next five years
- Each Ministry/ Department would be responsible for monitoring of projects so as to ensure their timely and within-cost implementation
- The Task Force will also enable robust marketing of the pipeline of projects requiring private investment through the India Investment Grid (IIG), National Investment & Infrastructure Fund (NIIF), etc.
- The Task force will:
- identify technically feasible and financially/ economically viable infrastructure projects that can be initiated in FY 2019-20
- list the projects that can be included in the pipeline for each of the remaining 5 years between FY 2021-25
- estimate annual infrastructure investment/capital costs
- guide the Ministries in identifying appropriate sources of financing
- suggest measures to monitor the projects so that cost and time overrun is minimized
Why Infrastructure Investments?
- Availability of quality infrastructure is a pre-requisite to achieve broad-based and inclusive growth on a sustainable basis
- To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs. 100 lakh crore) over these years on infrastructure, more than what India spent on infrastructure in the last decade
- lack of infrastructure should not become a binding constraint on the growth of the Indian economy
National Infrastructure Investment Fund
- It is an Indian-government backed entity established to provide long-term capital to the country’s infrastructure sector
- NIIF was set up as an alternative investment fund (AIF) in December 2016 with a planned corpus of ₹40,000 crore
- The Indian government has 49 per cent stake in NIIF with the rest held by marquee foreign and domestic investors such as Abu Dhabi Investment Authority, Temasek and HDFC Group. With the Centre’s significant stake, NIIF is considered India’s quasi sovereign wealth fund
India Investment Grid
- The India Investment Grid (IIG) is an online platform which showcases a plethora of investment opportunities across India on a single interactive platform
- It is an initiative of the Department of Policy & Promotion (DIPP) and Invest India that also connects potential investors to projects and promoters
Paper: General Studies 2
Topic: Indian Constitution – Features
Why in News?
- Union home minister assures NE that the government will not dilute Art 371 and its provisions
Temporary, Transient and Special Provisions
- Part XXI of the Indian Constitution (Art 369 to Art 392) is named “Temporary, Transient and Special Provisions” confers certain special powers and privileges bestowed on constituents of the Union of India and its executive
- Art 371 to Art 371J have various special provisions for different states
- Art 371 – for Maharashtra and Gujarat
- Art 371A – for Nagaland
- Art 371B – for Assam
- Art 371C – for manipur
- Art 371D&E – for Andhra Pradesh
- Art 371F – for Sikkim
- Art 371G – for Mizoram
- Art 371H – for Arunachal Pradesh
- Art 371I – for Goa
- Art 371J – for Karnataka
What is the Need for Special Provisions:
- The condition in which the Constitution of India was passed was very critical and different from today’s time. The issue of federalism was one of the areas of debate. In order to cater the special needs of states, the founders of the new India provides special provision.
- The special development boards were specifically constituted to cater to the developmental needs of the areas such as Katchh and Marathwada in Gujarat and Maharashtra respectively.
- The required consideration was also given to the tribal culture by the provision of autonomy through tribal councils and local governance models, Eg: Tuensang district of Nagaland.
- The discretionary power was accorded with the governor of some states in order to manage the local level challenges in very efficient manner.
- The constitution provided special protection to customary law in order to protect them from outside influence. The conceptualization of Justice for these communities was protected as per their laws.
- Special provision also takes care of economic viability of local governance and thus provided scope for revenue collection and also grants for various welfare schemes from central government.
- The Presidential authority in many areas provides the ultimate protection to these special provisions in order to keep them for the welfare of groups with special needs
- Nilgiri Tahr/ Nilgiri Ibex – an ungulate that is endemic to the Nilgiri Hills and the southern portion of the Western Ghats in the states of Tamil Nadu and Kerala
- State animal of Tamil Nadu
- Endangered according to IUCN red list
- Habitat: open montane grassland habitat of the South Western Ghats montane rain forests ecoregion i.e. Sholas
- Time Bank – is a reciprocity-based work trading system in which hours are the currency. With time banking, a person with one skill set can bank and trade hours of work for equal hours of work in another skill set instead of paying or being paid for services.
- Madhya Pradesh happiness department is opening a Time Bank initially with 50000 volunteers exchanging services
- It is a way to link untapped social capacity to meet unmet social needs