Post-election priorities: Take hard decisions quickly
Political uncertainty is finally behind us. The BJP-led National Democratic Alliance (NDA) won a decisive mandate, clearing the path for a second term for Narendra Modi. This also means continuity of policy and opportunity to push tougher reforms particularly - land and labour.
Over Rs 1 lakh crore of HAM highway projects tie up debt
Apprehensions of bidding intensity in hybrid annuity model (HAM) projects offered by the National Highways Authority of India (NHAI), and consequent fear that many of these projects will not achieve debt tie-up, have been put to rest with 90% of all awarded HAM projects – worth over Rs 1 lakh crore – achieving debt funding, a CRISIL analysis shows.