Citing a study, Reserve Bank India (RBI) said it cannot pursue a policy of higher inflation tolerance as the means to lower real rates because beyond a threshold, the negative impact of inflation on growth outweighs its positive impact. Although the study points to empirical evidence that lower real interest rates can stimulate growth and investment, it does not recommend a policy of higher infla
Author: admin (Infratructure Today)
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KVB may issue shares to raise capital
In order to ramp up its capital base, Karur Vysya Bank is considering to issue shares worth Rs 1,000 cr in one or more tranches through qualified institutional placement (QIP) route. Alternatively, the bank, which was set up in 1916 by MA Venkatarama Chettiar and Athi Krishna Chettiar, may raise the investment cap for the FII upto a limit of 40 per
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Piramal Enterprise to raise Rs 3.75 bn via CPs
Piramal Enterprise plans to raise Rs 375 cr through issue of commercial papers in 3 maturities - October maturity CPs for Rs 50 cr, early November papers for Rs 225 cr and December maturity papers for Rs 100 cr. The paper would carry an interest of 11.75 percent. The company has operations in several segments within healthcare, life sciences and financial
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Ministry denies restructuring for all road developers
Union finance ministry opposed the idea of the roads ministry to provide blanket relief to road developers who are suffering from financial crisis. Recently, the finance ministry received proposals from the roads ministry for restructuring the amount owed to the government by road developers
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Ministry denies restructuring for all road developers
Union finance ministry opposed the idea of the roads ministry to provide blanket relief to road developers who are suffering from financial crisis. Recently, the finance ministry received proposals from the roads ministry for restructuring the amount owed to the government by road developers
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Minister rejects rumours on UN advice for PPP projects
Planning Minister Rajeev Shukla denied rumours that the United Nations suggested India to avoid public-private partnership (PPP) model for developing infrastructure. It may be recalled that a recent study by the UN found that PPP model for infrastructure sector need not lead to improved disaster risk assessment and man
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Ministry sends proposal for infra status to housing sector
Minister for Housing and Urban Poverty Alleviation Girija Vyas informed that the proposal to assign infrastructure status to affordable housing sector was sent for consideration of 'Institutional Mechanism (IM) under the Harmonised Master List of Infrastructure sub-sectors'. The IM was constituted by the Ministry of Finance to consider assigning 'Infrastructure Status' to Affordable Housing Sector. The minister said this in reply to a question in th
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Govt takes steps to weed out issues in infra sector
A Planning Commission official informed that the government has taken several steps to issues in the implementation of PPP projects in road and other sectors. In an interview to a leading media, the official elaborated that the government brought road projects outside the ambit of the Indian Forest Act, 1927, following a Supreme Court order. Also, construction com
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277 central sector projects face delay
Minister of State (Independent) for Statistics and Programme Implementation Srikant Kumar Jena informed Lok Sabha that the ministry monitors 569 central sector projects costing Rs 150 crore and above. He further informed that of these 569 projects, 277 are running behind schedule as on June 1, 2013. These projects are delayed because of law and order problems, delay in land acquisitions, rehabilitation and
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Rs 100 bn sea link project finds no taker
Despite the 20 per cent viability gap funding offered by the government, no private player is ready to bid for the 22-km trans-harbour sea link road project connecting New Mumbai to Sewri. This is because infrastructure developers feel that the Rs 10,000-crore project is unviable as it involves high finance costs and lack of liquidity