The existing bilateral debt recast schemes between banks and some power distribution companies may be aligned with the government-introduced debt restructuring scheme, Reserve Bank of India (RBI) suggested. Last year, lenders entered into a debt restructuring agreement with power distribution firms in Uttar Pradesh, Rajasthan and Haryana — who together owe
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Author: admin (Infratructure Today)
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RBI suggests alignment of existing debt recast pacts with scheme
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PE association expects muted growth in 2013
Agency reports shows that Indian Private Equity & Venture Capital Association expects growth in the private equity (PE) and venture capital (VC) sectors to be subdued in 2013 owing to the slowing of the domestic economy. The association expects exits by PE funds during the year if the stock market does well this year as predicted. There are many funds which have invested durin
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Banks witness faster growth in deposit recently
Deposits of commercial banks expanded by a robust Rs 62,750 crore while credit growth was relatively moderate at Rs 17,380 crore during the first fortnight of the January-March quarter, data from the Reserve Bank of India (RBI) shows. This snaps the trend of credit growth outpacing deposit growth during the October-December 2012 perio
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CMIE expects 4% growth in cargo traffic in 2013-14
Centre for Monitoring Indian Economy (CMIE) expects 4 percent growth in cargo traffic across all major ports in the country during 2013-14 compared to an anticipated contraction of 2.4 per cent in 2012-13. According to its projection, cargo traffic handled by major ports may rise to 568.5 million tonne in 2013-14 from
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Punjab to build 14 more ROBs/RUBs at 318 cr
To improve road connectivity in Punjab through building railways over/under bridges, the State government has set aside Rs 318 crore. The government has planned to build a total of 14 ROBs and RUBs with the sum. Work on 9 under construction ROBs/RUBs are already set to be completed and they would be dedicated to the people of Punjab in next two months.
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TN to bring new system to maintain roads, highways
In Tamil Nadu, the Jayalalithaa-led government on January 23 announced the introduction of a new performance-based maintenance contract system for maintaining the roads and highways in the state. The news system is considered as a major fillip to road infrastructure in the state.
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Building 20 km roads a day is not possible for now: Govt
Since builders are not coming forward due to fund crunch in the present economic environment, it is not possible to construct 20 km of roads in a day, Union Road Transport and Highways Minister CP Joshi said on January 24. Joshi said that the government's past experience says it can achieve this target only when it is in a position to award 7,000 km per year for three consecutive years.
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More direct flights from Mumbai to Hong Kong by Cathay
Cathay Pacific would add more direct flights from Mumbai to Hong Kong from April. The Hong Kong-based full service airline will also introduce its new product line of the premium economy cabin on this route after launching it in Delhi and Chennai last year.
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SC prodded DGCA to examine air tickets’ tariff structure
Following the Supreme Court's direction, the Directorate General of Civil Aviation (DGCA) would look into the tariff structure of Indian airlines. The SC's direction was in view of the wide range of the base prices of air tickets. The apex court observed that the price bands were too wide and directed the DGCA to examine the matter.
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Air India’s budget hits as Dreamliners grounded
It has been a week since the United StatesÂ’ regulator, Federal Aviation Administration (FAA), asked airlines around the world to ground B787s due to battery problems. India's government-owned Air IndiaÂ’s (AI) grounding of its Boeing-787 Dreamliners has already started adding to the airlinesÂ’ fuel cost by around Rs 40 lakh daily, apart from forcing changes in flight schedules.