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Tag: projects

  • What is the new PPP project process announced by FM Nirmala Sitharaman?

    The PPP (Public Private Partnership) Projects in India have provided mixed results. The country had faced problems in regards to land acquisitions, overextended balance sheet, contract disputed and lack of a mechanism for the resolution of disputes.

    Certain projects have left the large public sector banks to end up with bad loans. However, the Finance Minister has announced a new policy to fasten the PPP projects. In this article let’s look at the new project announced by the government.

    PPP Projects – Latest News
    What are PPP Projects?
    The New PPP Policy
    Other Details about PPP
    Assets that will be covered in PPP
    FAQ

    PPP Projects – Latest News

    The Finance Minister of the country, Nirmala Sitharaman on 28 June 2021 had conveyed a new simpler and more efficient and effective approval process for the PPP projects as well as financing of the core infrastructure projects that will be formulated in the country.

    This new formulation will help the CPSEs (Central public sector enterprises) to fasten up the asset monetization. The Finance Minister announcing various economic relief measures had conveyed that the current measure requires a lot of approvals for Public Private Partnership projects and was really long.

    What are PPP Projects?

    PPP projects are the process where the public services are delivered by the private entities which are awarded through a competitive bidding process. These projects are typically run on the lines where the private entity would build it, operate it for some time and later transfer it.

    This method of undertaking the projects is favored by various Governments on a global basis as it makes up for the shortfall of the investments the Government of a particular country can undertake.

    Experts convey that the PPP strategy holds promise for the creation of infrastructure if the financing sector is tied up.

    Will the Central Bank of India become a private bank? | Why is the Government Privatizing banks?
    The Government of India had made a number of announcements and plans in theUnion Budget of 2021-22 and one of the major plans was in regards todisinvestment of privatization. In this article let’s look at the plans of theGovernment in regards to privatizing the banks and whether the Central Bank …
    StartupTalkyAlan Joseph

    The New PPP Policy

    The new policy for the approval and the appraisal of the public private partnership proposals and financing of the core infrastructure projects, including the one through InvITs (Infrastructure Investment Trusts) is aimed at providing and assurance for a faster way towards clearance of projects and to provide support and facilitate the efficiencies of private sector in regards to monetize construction and the management of the infrastructure.

    Nirmala Sitharaman added that, this new policy will help in moving ahead with the proposal of budget regarding the financing of assets.

    List of Economic Relief measures announced by the Government for Startups and Businesses
    As the country is badly hit by the first and second wave of Covid-19, Finance minister has announced various economic relief measures to boost economy.
    StartupTalkyAlan Joseph

    Other Details about PPP

    T V Somanathan, who is the expenditure secretary has conveyed that the further details of the project will be announced by the Department of Economic Affairs. In the Budget Speech of 2021-22, Nirmala Sitharaman had announced that operating the public infrastructure assets is a very important financing operation for the new construction.

    She had stated that there would be a launch of a national monetization pipeline of a potential brownfield infrastructure asset.

    List Of Government Schemes for Startups in India
    India is gradually building a robust startup ecosystem. In order to promote andsupport entrepreneurs, the government has created a ministry (department)dedicated to helping new businesses. The ruling party has introduced manyschemes to bolster entrepreneurship in India and to assist emerging star…
    StartupTalkyAshwini

    Assets that will be covered in PPP

    Some of the core infrastructure assets that will be covered under the asset financing programme are the toll roads that are operated by NHAI, transmission assets of the PGCIL, the oil and gas pipeline of GAIL, HPCL and IOCL, AAI airports in the tier II and tier III cities.

    The other core infrastructure assets included under this programme are railway infrastructure assets, sports stadiums, warehousing assets of the Central Public Sector Enterprises such as the Central Warehousing Corporation and NAFED.

    Conclusion

    The new PPP project policy that is stated by the Finance Minister seems to have scope for undertaking a fast track on completing the infrastructure projects and to facilitate the efficiency of private sectors in regards to monetization on the projects.

    FAQ

    How do PPP projects work?

    Public-private partnerships allow large-scale government projects, such as roads, bridges, or hospitals, to be completed with private funding.

    What does PPP mean?

    Public-private partnership (PPP), partnership between an agency of the government and the private sector in the delivery of goods or services to the public.

    How many active PPP projects are there in India?

    There are around 1,069 active PPP Projects in India.

  • What is Larry Page doing these days? – All startups Larry Page is working on

    Larry Page is one of the world’s richest men and is well known for his company Google. Larry Page was the co-founder of Google and established the company in the year 1998. But few of us actually know about different startups that Larry Page is working on. In this article let’s look at those startups.

    Larry Page Air Taxi Startup – Latest News
    Who is Larry Page?
    Startups Larry Page is working on
    FAQ

    Larry Page Air Taxi Startup – Latest News

    The Air Taxi startup of Larry Page named Kitty Hawk has reported that it was making moves to the M&A space and conveyed that it has acquired 3D Robotics. The acquired company was once said to be a rival of the Chinese company DJI which is well known for the manufacturing of Drones.

    The profile of Kitty Hawk has mostly been to operate in Stealth and revealed that they were working on developing remote piloted vehicles. These vehicles are expected to be electric and have also been testing and exploring vertical landing and takeoff.

    The acquired company 3D robotics’ CEO and co-founder who is the formed Wired magazine editor is expected to join as a COO of Kitty Hawk who would be reporting to the CEO of the company Sebastian Thurn who is also the founder of Google X and helped in building Udacity.

    Who is Larry Page?

    Larry Page is well known to everyone as the co-founder of Google and the company was founded in the year 1998. Larry Page was the CEO of Google since 2001 and later it was continued by the co-founder of Google Eric Schmidt. In the year 2015, he co-founded Alphabet and made it the Parent company of Google.

    Side Projects of Elon Musk
    The South African-born American entrepreneur [https://startuptalky.com/tag/entrepreneur/] Elon Musk, (born June 28, 1971 in Pretoria, South Africa) cofounds PayPal as anelectronic payment [https://startuptalky.com/tag/payment/…
    StartupTalkyMichelle D’souza

    Startups Larry Page is working on

    Kitty Hawk

    Larry Page had founded Kitty Hawk in the year 2015 after making Alphabet the parent company of Google and kept Kitty Hawk away from the company. The company had launched a personal electric aircraft called flyer in the year 2017.

    Kittyhawk Flyer
    Kittyhawk Flyer

    The company had worked and evolved the concept of a flyer and in the year 2018, the company revealed a product Cora which was a joint venture with Boeing. But it was found that in the recent years the company had stopped concentrating on a flyer and had also laid off some employees.

    The company however had come up with another aircraft called Heaviside which is more traditional in looks when compared to the startups that develop aircrafts. The team Kitty Hawk is working currently on making the aircraft fully autonomous.

    Planetary Resources

    Planetary resources are a space mining company that was launched by Larry Page and the founder of Braintree Bryan Johnson. It is a US based company that was established in the year 2009 which was later reorganized and renamed in the year 2012.

    The main aim or goal of the company is to expand the natural resource base of the Earth by developing and deploying the technologies for mining asteroids. The company in the year 2018 had launched Arkyd-6 CubeSat which holds and technology that is experimental to detect the resources for water in the space.

    The company has faced a lot of skepticism and ridicule against the idea of mining of space as the costs of the company are expected to be much more larger than what they can obtain from the mining of Asteroids.

    Opener

    The Opener is again a personal aviation company that was founded in the year 1996 by a Canadian Engineer Marcus Leng. The idea of personal aviation had fascinated Leng and he flew his first proof of the concept of eVTOL aircraft in the year 2011.

    The major project of the company is Blackfly and the objective is to fly a capable vehicle which is a dream of futurists to efficiently move passengers from A to B. Opener has conveyed that they are working towards realizing this dream.

    Opener Blackfly
    Opener Blackfly

    The vehicle is expected to consume lesser energy compared to an Electric Car and also lesser noise compared to cars and motorcycles. It is a fully electric vehicle with a Vertical takeoff and landing. Larry Page has been an investor in the company and the startup is backed by him.

    Conclusion

    However, in the year 2019, Larry Page stepped down as the CEO of Alphabet but still remains as a board member of the company and has a controlling stake in the company. The above mentioned startups are some of the lesser known startups Larry page is working on.

    FAQ

    Why did Larry Page leave Google?

    As the company faced a series of antitrust investigations and mounting employee unrest, its two cofounders, Larry Page and Sergey Brin stepped down in 2019 from their leadership roles at the company.

    What is Larry Page’s net worth?

    The net worth of Larry Page is 10,560 crores USD (2021).

    Is Larry Page a billionaire?

    Larry page built a significant amount of wealth while creating Google. According to Bloomberg Billionaires Index, as of April 10, 2021, Page has a net worth of approximately $103.7 billion, making him the 6th-wealthiest person in the world.