Highway premia revisited

On October 8, 2013, the Union Cabinet gave an "in-principle" approval to a one-time premium restructuring package for a slew of premium-based road contracts that had become "stressed" on various counts. The government subsequently constituted a committee under C Rangarajan, chairman of Prime Minister's Economic Advisory Council (PMEAC), to detail out the eligibility conditions and terms of the scheme. The committee empanelled five members, and is expected to come up with its recommendation in December.

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