Prof. Sebastian Morris

Research & Publication (Infrastructure & Regulation)




02-09-2019

Real Estate and Infrastructure Resolution

We propose a mechanism that uses the financial markets to mobilize the resources of a large population of investors, to revive the impaired assets in the real sector in India today. This should also allow the economy to escape from the strangle hold of the “doom loop”, in which

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05-04-2016

Examination Of Affordable Housing Policies In India

This paper provides a critique of the Indian Government’s programmes for affordable housing, namely the Rajiv Awas Yojana and Housing for All 2022. It analyses the efficacy of these policies in being able to provide the sections of the population who are unable

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2010

Container Train Operations: Introducing Competition (A)

In May 2005, the Committee on Infrastructure took a decision that Ministry of Railways, in consultation with Planning Commission, would prepare a policy for permitting private and public sector operators to run container trains through the Indian Railways (IR) network

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2010

Container Train Operations: Introducing Competition (B)

In October 2005, the representatives of the Planning Commission, Ministry of Railways, Ministry of Commerce and Industry, and Ministry of Shipping met to discuss the RITES recommendations to work towards framing a policy document for running container trains by privat

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02-02-2010

Introducing Competition in Container Movement by Rail

The Minister of Railways, in his budget speech on 26th February, 2005, had announced that the Ministry of Railways (MoR) and the Government of India would permit private operators to run container trains. Before then, a subsidiary of the Indian Railways, Container Cor

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07-07-2009

The Emphasis On PPP Model Is In The Right Direction

The large budgetary support in general of plan and investment should bring cheers to the producers, investors and financers of infrastructural equipment and services on roads, urban services and power equipment. Given the large rises on doles under the NREGA, Bharat N

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01-06-2009

Land Markets In India: Distortions And Issues

There are certain inherent problems with land because of its peculiar characteristics, which impede the natural emergence of a well-functioning market. The legal and regulatory framework can potentially overcome these problems. In India, despite some reform efforts, t

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2006

Simhadri Super Thermal Power Project (A)

The Indian electricity sector was opened to the private sector under the Independent Power Producer’s (IPP) policy. The National Thermal Power Corporation (NTPC), India's largest and perhaps most efficient generator had to respond to the changing scenario. It se

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2006

Simhadri Super Thermal Power Project (B)

This case follows case (A) which discusses National Thermal Power Corporation’s (NTPC)- response to the Simhadri project that created a record of sorts in timely implementation of large projects and within a tight budget NTPC’s record of 39 months for a gr

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11-04-2006

Rural Infrastructure Needs A Fillip

The article evaluates the scope of rural development in India. It demonstrates that the Indian states weaknesses in cross-functional policy design and in coordination across departments and functions is the obvious cause of lack of rural development, and urges to reco

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14-02-2006

SPVs No Solution To Infrastructure Woes

The article suggests that there is no financial side constraint on infrastructure in India at present. With a well developed financial market, it is only the lack of good bankable projects that is the limitation, and there is no way another Special Purpose Vehicle (SP

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27-01-2005

Infrastructure Development and Strategy for Gujarat

The phenomenon of foreign direct investments (FDI) from India is substantial and systematic enough to warrant attention. In this empirical study; the pattern and nature of control exercised by the Indian parents, local parties, and possible transnational capital and l

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2003

India Infrastructure Report 2004: Overview

The text discusses and summarises the principal findings of the various articles in the report. It also develops the theme of ensuring value for government expenditures through inter alia Public Private Partnerships (PPPs) and Public Finance Initiatives (PFIs). Government expenditures on vital so

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2002

Commercial Aircraft Industry And Governments

This paper deals with the evaluation of the civil aeronautics sectors since the 1930s in the background of Government intervention & technological changes. The paper has tried to contrast the active interference by European nations in the domestic aviation sector

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01-2002

Comments On The Draft Electricity Bill 2001

The paper comments upon the Draft Electricity Bill of 2001. Given than the reform of the power sector had made little headway, there is much concern that something needs to be done. Little progress has been made in the Bill, so that most of the comments made then rema

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2000

India Infrastructure Report 2001: Overview

The first in the series, the book reviews infrastructure development since the reform of the Indian economy began in 1991, discussing the policies required to create an appropriate market structure for infrastructure provision along with its constraints as well as lay

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2000

Power Sector Reforms And Regulation: The Road Ahead

The reform of the electricity sector, especially the decision to unbundle and privatize, has in India been based on the premise that the state (government) does not have adequate financial resources, given its need to control the fiscal deficit. The assumption is that

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25-05-1996

Political Economy Of Electric Power In India: Part 2

Since the cancellation of the Dabhol Power Project (DPP), the debate about electric power in India has come into the public view, raising hopes that corrective measures can be taken to have a cost effective and growing power industry. A critical examination of the rec

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18-05-1996

Political Economy Of Electric Power In India: Part 1

Since the cancellation of the Dabhol Power Project (DPP), the debate about electric power in India has come into the public view, raising hopes that corrective measures can be taken to have a cost effective and growing power industry. A critical examination of the rec

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24-11-1990

Cost And Time Overruns In Public Sector Projects

Delays and cost overruns in public sector investments can raise the capital-output ratio in the sector and elsewhere, bringing down the efficacy of investments. Yet there are no estimates of the delays and cost overruns, and of their opportunity cost. This study arriv

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Blog (Infrastructure & Regulation)






2020-03-25

Macroeconomic Challenges Posed by the COVID19 in India

Massive intervention in the capital markets to greatly enhance liquidity and reduce the policy rates would be necessary. Otherwise the financial sector would tumble like nine pins.  We suggest a rate cut by 1.5% and massive injection of liquidity well above the r

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2006-10-24

The Change Imperative

At the recently held conference on Building Infrastructure–Challenges and Opportunities at Vigyan Bhavan, the Prime Minister underscored the importance of infrastructure in India being able to sustain high growth, above 8%. What was remarkable

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2006-09-26

Dwelling On Delhi's Master Plan

The Delhi government would soon have to legislate to make special exemptions to Delhi’s Master Plan to override the Supreme Court’s (SC) order banning commercial activities in residential areas. Policy-makers and planner sitting in ivory towers

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2006-09-12

Metro And BRT Can Go Together

Substantial monies are being made available to large cities to build metros. Yet between metros and the newly emerging metropolitan cities , there is a misfit, as between a square peg and a round hole. Over years of town ‘planning’ that

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2006-07-21

Unlock SMEs To Tap Full Export Potential

SMEs are the backbone of exports from India, especially of manufactures and increasingly of services if the source of value addition is taken into account. Indeed manufacturing in the ‘original sense’ is very much an SME business. The reasons are not far t

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2006-07-18

Mismanaging National Assets

The National Highways Authority of India (NHAI) now admits that the Golden Quadrilateral (GQ) completion is going to be delayed and the cost overrun would be substantial. What it is not admitting is that its poor management of tolls and of the highw

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2006-06-20

One-Sided Law On Land Acquisition

Delays and risks in land acquisition are the overwhelming retardants in infrastructural construction. The problems are widely believed to arise in politicking and poor governance, but it is important to understand the deeper reasons lying in the law

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2006-05-23

The Fine Art Of Zero Maintenance

The Ahmedabad Municipal Corporation got a few hundred new CNG buses some months back, which look worn out already. No replacement of tail-lights, no repair of dents, no painting. The ph

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2006-04-11

Rural Infrastructure Needs A Fillip

Rural development, especially infrastructural development, by its very nature is holistic. Therefore, it can neither be left to a ministry of rural development, which cannot think beyond sop programmes, nor to the uncoordinated working of departments, like roads, publ

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2006-04-07

Can Any 'Reform' Be So Perverse And Irrational?

The government has proposed an amendment to the Postal Act that would bar the private sector from carrying articles below 500 gm. The move is regressive, has no rationale, is unimplementable and will not prevent losses in the DoP (department of posts). It will result

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2006-03-28

Water And Sewerage: The Eco-Politics

Water, among all infrastructure services, has to be the state’s responsibility. If the state cannot arrange to provide for water in the cities and other habitats, then nothing else that it does or provides is meaningful. By that count, most of

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2006-02-25

Making Reform A Positive Sum Game

Lalu Prasad and his team have been laying out transition path to reform from the mess that Indian Railways were in, steps that would most certainly pay off. The genius in discovering hidden operating leverage and overcoming slack in increasing the loading of wagons, e

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2006-02-14

SPVs No Solution To Infrastructure Woes

When interest rates are determined through the market, there is only a limited role for development finance institutions (DFIs). In the era of controls, and where the state mobilised and directed (if not monopolised) much of the savings and resource

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2006-01-03

Promote Markets To Hedge Traffic Risks

While the risks in road construction have fallen steeply since the first BOT roads of the National Highways Authority of India (NHAI), they remain much higher than they need be. The risks of land acquisition are particularly large in populous areas

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2005-11-25

Infrastructure Spending And Forex

Foreign exchange reserves are not like a bank balance which can be converted entirely into cash for spending. The issue of government expenditure for infrastructural investment has little directly to do with using or not using these. It has to do more with the e

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2005-02-02

Coal Is Crucial For India

Coal has to be the primary energy for the country. In the very long term of course fusion and solar could become important options, but that would have to await technological developments over which we have little influence or control. China despite having far richer

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2004-11-12

Why Punish The Users Of National Highways?

Our cities are built with very low densities (floor space indices) means that they are unable to take on the correct spatial orientation of economic activities. This, of course, makes them socially expensive, and much more spread out than they need to be.

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2004-09-02

Truckers Are Really Overloaded

The truckers’ strike is finally off and the nation heaves a sigh of relief. But one wishes the real issues faced by the industry had been brought up on the table and resolved once and for all, even if it had meant a prolonged strike. Unfortunately, the truckers

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0000-00-00

Airlines Will Need Service Quality Regulation

With Delhi and Mumbai airport in competent private hands. one can breathe a little easy. The underutilisation of assets, absurd designs, quixotic operational processes that impose huge passenger side discomforts and costs may hopefully go away.

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