Financial services firm Religare, which plans to apply for a new banking licence, may receive equity contribution from the International Finance Corporation (IFC), an arm of the World Bank. Reports suggest that IFC is willing to invest in ReligareÂ’s proposed banking entity. IFC
Author: admin (Infratructure Today)
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NHB, ministry devise plan to protect bank loans to housing projects
Reports suggest that National Housing Bank (NHB) and finance ministry are devising a plan to prevent loans given by banks for projects which are stalled from turning worthless assets. According to the plan, the ministry wants public sector banks (PSBs) to transfer such projects to ARCs against securitisation (against future cash flows of the projects) and l
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MFIs asked to charge rates in sync with borrower ability
Prime Minister's Economic Advisory Council Chairman C Rangarajan suggested micro finance institutions (MFIs) to charge interest rates according to the repayment ability of borrowers. He remarked that fixing the interest rate independent of the repaying capacity of the borrower is asking for disas
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Emerging mkt funds deploy huge amount in Indian mkt
Reports suggested that emerging market funds deployed a sizable amount of funds into Indian equity markets in 2012.These funds, that are a section of foreign institutional investors (FIIs), invest in markets such as India, China, South Korea and Taiwan, among others. On the other hand, India-focused funds witnessed sharp redemptions from their abroad clients during the year, quas
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Kerala to spend Rs 10,710 cr for road development
For development of road network and infrastructure in the state, the Kerala government has earmarked Rs 10,710 crore for a plan to be implemented in the next three years, said the Minister for Public Works VK Ebrabim Kunju.
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Land, green clearance hit steel projects
Some industry observers feel that governmentÂ’s policy affected many steel projects in the country. According to one estimate, at least 35-40 million tonne of capacity has been cancelled or postponed over the past few years, putting a question mark over the steel ministryÂ’s dream of taking the installed capacity to 200 million tonne from 90 million tonne now
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Delays reflect NHAI’s deficiency in planning: Panel
The Parliamentary Standing Committee on Transport has said in its latest report that National Highways Authority of India's (NHAI) delay in completing projects like Golden Quadrilateral, reflects either tardy planning or deficiency in execution. NHAI is not in a position to complete any project and is adding projects after projects without achieving targets in older ones, the report said.
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Govt awarded only 1,010 km road project so far
Minister of State for Road Transport and Highways (RTH) Sarvey Sathyanarayana informed Lok Sabha that the government awarded 1,010 km of national highways (NH) so far in 2012-13. This is hardly 11.5 per cent of the target of 8,800 km under National Highways Development Project (NHDP) for this
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Govt to encourage exploration of alternative energy sources
Government attempts to bridge the ever-increasing demand-supply gap of petroleum products by encouraging exploration of alternative sources of energy such as coal-bed methane, shale gas, gas hydrates, ethanol and biodiesel. This information was given by the Union Minister of State for Petroleum and Natural Gas Panabaka Lakshmi during the
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Rlys to rope in contractor for LNG locomotive project
In an attempt to reduce the operating cost of locomotives, Indian Railways plans to set up a locomotive prototype equipped with a single gas turbine operating on LNG. For this purpose, the Research Design and Standards Organisation (RDSO), which is the research arm of Indian Railways, sought application from interested contractors who could develop such a locomotive