bilateral investment pacts to be reviewd
The government said it was reviewing all its bilateral investment promotion and protection pacts, amid global firms raising concerns about India´s investment policies. So far India has implemented 83 bilateral investment promotion and protection agreements (BIPPAs) with various countries.
ADB loan for rural roads
Asian Development Bank (ADB) will provide $275 million loan for improving rural road connectivity in five states in the country. The loan is the second tranche of a $800 million financing facility under the Rural Connectivity Investment Programme. It will help construct 3,693 km of all-weather rural roads in these states, benefiting nearly 1,800 rural habitations. The second phase of project is expected to be completed in June 2017.
Winds of change
This period of lull before the national election is an unfortunate reality that the industry must deal with, with no end in sight to the prevalent cloudiness around the fate and status of the more than 150 post-clearance projects
The slip between the cup and the lip
India wastes one out of every six sacks of fruits and vegetables ever year due to a cold chain system that fulfils less than half the requirement. Investment of Rs 55,000 crore is needed to catch up
Corridor of inclusive growth
The government in Karnataka has been considering various proposals-including the Global Investment Meets-that have promised much to the industry. But in reality, not much has happened from the government and the industry.
Essel Finance to diversify
Essel Finance Advisors and Managers is planning to add three more verticals to its portfolio in the coming months. The company already has a real estate private equity business and will add a non-banking financial company (NBFC), investment banking (IB) advisory and another vertical that will focus on fundraising for corporates. The overall plan of the company is to set up all the verticals in financial services business over the next 3-5 years.
CCI nod sought
Approval of Cabinet Committee on Investment (CCI) is being sought by the Ministry of Coal to expedite development of allocated mining blocks where no cases or FIRs have been filed by the CBI. Since May 2012, the CBI has registered three preliminary enquiries regarding alleged irregularities in coal block allocation and has filed 14 FIRs. Forty seven coal blocks have been deallocated out of 218 coal blocks allocated to public and private firms, holding estimated geological reserves of about 50 bi
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