Public Private Partnership Current Affairs - 2019

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MoU Signed for Rudraksh Trees Plantation in Ganga Basin

A tripartite Memorandum of Understanding (MoU) was signed between National Mission for Clean Ganga (NMCG), INTACH (The Indian National Trust for Art and Cultural Heritage) and HCL Foundation for plantation of 10,000 Rudraksh trees in catchment area of river Ganga Basin in Uttarakhand.

Key Highlights of MoU

  • About: NMCG has signed a Memorandum of Understanding (MoU) with INTACH and HCL Foundation to take up a project of ‘Plantation of 10000 Rudraksh Trees in Uttarakhand’. This is part of their Corporate Social Responsibility (CSR) initiative under ‘Namami Gange’ Programme.
  • Objective: To create a greener ecosystem in Ganga Basin. For this the project aims at planting Rudraksh trees in Uttarakhand in association with local community and other stakeholders within state. This will also help in generating income for people residing in those plantation areas.
  • Significance: The project undertaken will provide sustainable and comprehensive solutions for a cleaner ecosystem along the stretch catchment area of river Ganga. It covers about 97 towns and 4,465 villages on Ganga stretch and being a public-private partnership (PPP) provides initiative a much-needed impetus.

About Rudraksh Tree

  • Scientific Name: Elaeocarpus ganitrus
  • The term is derived from words Rudra which is one of hindu Lord Shiva’s vedic names and Akṣa means ‘teardrops’. Thus, Rudraksh actually means Lord Shiva’s teardrops.
  • It is a large evergreen tree, with a height of 60-80 feet and has broad-leaves. It is the seeds of the tree which are known as Rudraksh.
  • Its seed is traditionally used for prayer beads in Hinduism and Buddhism and primarily used in India and Nepal.

About INTACH

  • It is an autonomous non-governmental Indian non-profit charitable organization. It was founded in 1984 and is registered under the Societies’ Registration Act, 1860. It seeks to preserve Indian culture and heritage. UN has
  • INTACH was awarded a special consultative status with United Nations Economic and Social Council (ECOSOC) by UN in 2007.

Month: Categories: Environment & Biodiversity

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Cabinet approves leasing out six airports through PPP

Union Cabinet chaired by the Prime Minister Narendra Modi has approved leasing out six airports of Airports Authority of India (AAI) for operation, management and development under Public Private Partnership (PPP) in the first phase. This will be done through Public Private Partnership Appraisal Committee (PPPAC).

Union Cabinet also approved constitution of Empowered Group of Secretaries headed by CEO, NITI Aayog with Secretaries of Ministry of Civil Aviation, Department of Economic Affairs and Department of Expenditure to decide on any issue falling beyond scope of PPPAC.

Benefits

PPP in infrastructure projects brings efficiency in service delivery, enterprise, expertise and professionalism apart from harnessing needed investments in public sector. The PPP in airport infrastructure projects has brought world class infrastructure at airports, delivery of efficient and timely services to airport passengers, augmenting revenue stream to AAI without making any investment, etc. of these, for development of Greenfield Airports.

Presently, Delhi, Mumbai, Bangalore, Hyderabad and Cochin airports are being managed under PPP model.PPP airports in India have been ranked among top 5 in their respective categories by Airports Council International (ACI) in terms of Airport Service Quality (ASQ). These PPP experiments have helped to create world class airports and also helped AAI in enhancing its revenues and focusing on developing airports and air navigation infrastructure in rest of the country.

Month: Categories: Government Schemes & Projects

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