Delay demons

Thanks to demonetisation, infrastructure companies now expect more delays in project approvals than before

Thanks to demonetisation of certain high-value notes by the government, infrastructure companies now expect more delays in project approvals than before. That is because cash (read speed money), which was the last resort to quicken the process, has gone missing, said an official from an infrastructure company. “We will have to wait for officials to find a new method of ‘transaction’ before approvals start coming in again,” he said.