Committee report and its terms of reference 28 31 2. Kelkar panel on ppp projects submits report, the financial. Kelkar has been issued and also uploaded on the ministry of finances website. Key recommendations of vijay kelkar committee autonomous status must be granted to vidarbhaeastern region of maharashtra, as people of this region feels neglected. Kelkar panel suggests new ways to fund ppp projects. The starting point in india may often be a public agency which is inefficient, corrupt at the point of contact with the citizen and providing very poor service with a much lower starting point, it is quite conceivable that private providers may be operationally more efficient and give better service to that extent, the case for ppp is stronger in india than in the. The vijay kelkar committee on revitalising publicprivate partnership ppp projects on thursday submitted its report to finance minister arun jaitley, suggesting measures to resolve contractual, financing and implementation issues plauging the segment. It would be a reasonable assumption that a number of our shareholders would want to know our vision, direction and destination. Kelkar committee to propose overhaul of ppp framework. The 9member committee was headed by former finance secretary vijay kelkar and submitted its report on 19 november 2015.
Stung by widespread criticism within the ruling bjp, the kelkar committee on tax reforms is expected to submit watered down final reports on direct tax and indirect taxes, particularly. Forewordthis committee was mandated by the finance minister to give a report outlining a roadmapfor fiscal consolidation in a medium term framework in pursuit of the frbm act and. The principal statement that i wish to make is that we expected to s h kelkar and company limited annual report 201516. Kelkar panel on ppp revamp to submit report by monthend. Kelkar committee 2015 assessing ppp in india and tax structure reforms. Kelkar committee news and updates from the economic times. It has also called for a rational allocation of risks among various stakeholders in a project, and moving away from the onesizefitsall approach to ppp model concession. Kelkar panel shows the way to revive ppp in infra projects. Governmentappointed panel headed by former finance secretary vijay kelkar on reviving the ppp model for infrastructure development submitted its report to finance minister arun jaitley today. Important committees and commissions in india for upsc exams.
Vijay kelkar committee on revisiting and revitalising the. Kelkar panel suggests easier funding for ppp projects. List of important committees and commissions in india for upsc exams. The committee wishes to place on record its special thanks to the budget division and economic division of the ministry of finance. Kelkar committee recommendations on ppp kelkar chalks out rules for ppp revival. Kelkar panel recommends comprehensive restructuring to revive the ppp model the finance ministry appointed vijay kelkar committee on revisiting ppp model in infrastructure committee on revisiting and revitalizing public private partnership model of infrastructure has made several far reaching recommendations for the restructuring of the ppp. Several infrastructure projects in india have been hit by various issues related to publicprivatepartnership ppp model. A panel, headed by former finance secretary vijay kelkar, submitted the muchawaited report on public private partnerships in infrastructure to finance minister arun.
Kelkar committee on ppp in infrastructure in the union budget 201516, finance minister announced that the ppp mode of infrastructure development has to be revisited, and revitalized. The union ministry of finance on 28 december 2015 released the report of the committee on revisiting and revitalising public private partnership ppp model. Kelkar panel suggests reforms and easier funding for ppp. The panel said that ppp projects that were stuck needed to be put back on track but sought better identification of risks to avoid a repeat of the situation. This note summarises the key findings and recommendations of the report. Kelkar released in the union budget 201516, the finance minister shri arun jaitley had announced that the ppp mode of infrastructure development has to be revisited and revitalised. Committee on revisiting and revitalising the ppp model of infrastructure development chaired by dr. If kelkar report is implemented then diesel price will increase by around rs. This region should get autonomous status on the lines of meghalaya as it was granted an autonomous status in 1969, when it was a part of assam, by the 24th constitutional amendment.
A careful analysis of the trends in the current year, 2012, suggests a likely fiscal deficit of around 6. Main recommendations of vijay kelkar committee to revisit and revitalize public private partnership ppp in india. Ias aspirants kelkar committee recommendations on ppp. On december 28, 2015 the committee headed by former finance secretary vijay kelkar released its report on revisiting and revitalising the public private partnership projects ppp model of.
The uk has a wellestablished and mature ppp framework with extensive experience in enabling private sector investment and expertise to be used to deliver public services. Kelkar panel suggests easy funding for ppp projects in. The kelkar committee said the final decision for a. The 9member committee was headed by former finance secretary vijay kelkar and.
Kelkar department of economic affairs, ministry of finance, november, 2015. Kelkar committee likely to water down final reports. While the contents of the report are expected to be made public in the next few days, officials said the kelkar report would address key issues such as design modifications to. It is crucial to have knowledge regarding the important committees and commissions in india for upsc exam preparations. The economic survey 201415 had said that at the end of december 2014, the value of all projects, mostly in the infrastructure sector, that have been stalled. Recommendations of the vijay kelkar committee on pppgs3. The panel was appointed by the union finance ministry in the union budget 201516. The committee was set up by indias central government and headed by vijay kelkar. The committee analysed the risks involved and the existing. Questions are always asked from the various commissions and committees in the indian economy and polity. This committee was mandated by the finance minister to give a report outlining a roadmap for fiscal consolidation in a medium term framework in pursuit of the frbm act and related targets.
Vijay kelkar submitted its report to the finance ministry on november 19, 2015. Relationship and power balance between the centre and states. The starting point in india may often be a public agency which is inefficient, corrupt at the point of contact with the citizen and providing very poor service with a much lower starting point, it is quite conceivable that private providers may be operationally more efficient and give better service to that extent, the case for ppp is stronger in india than in the uk. Kelkar panel on ppp projects submits report november 20, 2015. The committee was headed by vijay kelkar, former chairman of the finance commission. Various committees and commissions in india and their purposes. While the funding of indian infrastructure has been analysed by a number of committees, including the recently concluded kelkar committee, this initial report by the iukfp. The committee was formed following the finance ministers announcemet on revising the public private partnership ppp mode of infrastructure development in his budget speech, 201516. The vijay kelkar committee on revitalising publicprivate partnership ppp projects on thursday submitted its report to finance minister arun jaitley, suggesting measures to resolve contractual. The report of the committee on revisiting and revitalizing the ppp model was made public by the finance ministry. Kelkar committee report ppp infrastructure model download. The kelkar committee report has recommended the creation of multidisciplinary expert institutions to address the problem of stalled. Private sector favours kelkar panel report to boost ppp in infrastructure 23 may, 2019, 07.
The committee was set up following 2015 union budget of india by the then finance minister of india arun jaitley. Kelkar committee according to the union budget 20152016, fm arun jaitley has announced ppp mode of infrastructure development has to be revised and revitalised. Report of the committee onroadmap for fiscal consolidation vijay l kelkar chairman indira rajaraman member sanjiv misra member september 2012 2. Vipin kumarht kelkar committee to propose overhaul of ppp framework 2 min read. The report of the committee on revisiting and revitalizing the ppp model was released on monday. Kelkar committee to evaluate ppp in india was a committee set up to study and evaluate the extant publicprivate partnership ppp model in india. Report of the committee on revisiting and revitalising public private partnership model chairman.
We hope that this report and subsequent public discussions will enable the government to take the policy actions recommended in this report. An expert panel led by former finance secretary, vijay kelkar, has called for swift amendments to the anticorruption law and an endorsement from the parliament for a new policy for public private partnerships or ppps that balances risksharing between private and. Kelkar panel on ppp might push to revive 3p india plans. Kelkar panel suggests new ways to fund ppp projects november 19, 2015. It is in this context, the vijay kelkar panel recommended various measures for revival of ppp model. Kelkar submitted the report of the committee on revisiting and revitalising public private parternership model to finance minister arun jaitley last month. What are the major recommendations of kelkar committee on fiscal consolidation.