Nod for Make In India metro policy The Union
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.