India has some of the least affordable transport fuel in the world, with a gallon (3.8 litres) of petrol costing more than three-quarters of average daily income.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
This is Economics 101. The viability of each infrastructure project rests squarely on user charges – power tariffs, especially for agriculture, tolls for roads, price ( often nil ) for water. The most lethal phrase to come out of the infrastructure sector is “ Innovative financing solutions “. No such thing exists in real life. Either the consumer pays, or the state subsidises her, as is happening with the Delhi Metro – a great project, but it will never pay for itself. 2. The unreformed power sector has left thermal projects stranded; now renewable projects, especially in solar are stuck. 3. The first bullish phase of infrastructure creation under the PPP model has landed the PSBs with their NPA problem.
This is Economics 101. The viability of each infrastructure project rests squarely on user charges – power tariffs, especially for agriculture, tolls for roads, price ( often nil ) for water. The most lethal phrase to come out of the infrastructure sector is “ Innovative financing solutions “. No such thing exists in real life. Either the consumer pays, or the state subsidises her, as is happening with the Delhi Metro – a great project, but it will never pay for itself. 2. The unreformed power sector has left thermal projects stranded; now renewable projects, especially in solar are stuck. 3. The first bullish phase of infrastructure creation under the PPP model has landed the PSBs with their NPA problem.