Nod for Make In In­dia metro pol­icy The Union

India Business Journal - - NEWS ROUND-UP -

Cab­i­net gave its nod for a new metro rail pol­icy last month. Framed by the Ur­ban De­vel­op­ment Min­istry, the pol­icy is ex­pected to pro­mote Make In In­dia ini­tia­tive in metro rail projects. The pol­icy will help meet the metro rail as­pi­ra­tions of var­i­ous cities. Apart from fi­nan­cial re­turns, the pol­icy lays em­pha­sis on in­tan­gi­ble ben­e­fits on the en­vi­ron­ment and safety fronts. For ap­prov­ing projects, the Cen­tre will take into ac­count an eco­nomic rate of re­turn of 14 per cent in­stead of fi­nan­cial rate of re­turn of 8 per cent.

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