Experts and industry observers highlight some of the issues in the Indian microfinance industry which impede the ability of the microfinance model to eradicate rural poverty. Notable among them is small size of micro credit provided by microfinance institutions (MFIs) which makes investment unprofitable. Some experts argue that unless loans
Author: admin (Infratructure Today)
Post
Post
IL&FS, ICBC Hong Kong to cooperate on infra projects
Hong Kong-based Industrial and Commercial Bank of China (ICBC) signed an agreement with India's Infrastructure Leasing & Financial Services to aid infrastructure projects in the north and east Asia. This is one of the leading banks in Hong Kong and also a wholly owned subsidiary of Industrial and Commercial Bank of China
Post
Coking coal import of SAIL set to rise
The current expansion projects, once completed, would result in a 30 per cent growth in the import of coking coal by Steel Authority of India (SAIL) to feed its increased production capacity. In the past two fiscal years, the firm's coking coal shipments remained largely unchanged at around 10 million tonne. The steelmaker imports three-quarters of its coking coal
Post
IBM chief calls for raising steel output
CS Gundewar, Controller General of Indian Bureau of Mines (IBM) pointed out that India is the fourth largest producer of steel in the world. At present the country is producing 65 million tonne steel, but as per the National Steel Policy of this figure should reach 180 million tonnes by 2020, he said. He said there is an urgent need to increase steel production which would require exploration of unmined iron
Post
IBM chief calls for raising steel output
CS Gundewar, Controller General of Indian Bureau of Mines (IBM) pointed out that India is the fourth largest producer of steel in the world. At present the country is producing 65 million tonne steel, but as per the National Steel Policy of this figure should reach 180 million tonnes by 2020, he said. He said there is an urgent need to increase steel production which would require exploration of unmined iron
Post
PNGRB to open bids for CGD project
Petroleum and Natural Gas Regulatory Board (PNGRB) would soon open the technical bids submitted by oil and gas firms for launching city gas distribution (CGD) business in key cities. After clearing the technical bids, the downstream regulator would open financial bids for the third round of auct
Post
IOC develops new technology to produce bio-diesel
According to an official statement of Indian Oil Corp (IOC), the firm developed and commercialised a technology to produce bio-diesel from non-edible oil extracted from plants like Jatropha. The company expects to convert the non-edible oil into bio-diesel at its existing Diesel Hydrotreating (DHDT) units in a petroleum refinery
Post
DGH not inclined to clear RIL proposal
The Directorate General of Hydrocarbons (DGH), the technical arm of the union petroleum ministry, is not in favour of approving the Reliance Industries' (RIL) proposal to conduct separate testing for D-29, 30 & 31. Earlier in May, the firm sought permission for conducting separate tests at its three gas discoveries i.e D-29, 30 & 31. This is a shift away from the com
Post
Gas-based power plants need 72 mscmd gas
Media reports quoted a top source from the union power ministry as saying that natural gas-based power plants in the country need 72 mscmd of gas to operate at 75 per cent plant load factor. However, at present they get only 27 mscmd gas, which enable them to operate at only 29 per cent plant load factor, reports suggest
Post
Ministry gets request from OIL for gas revision
In order to meet the increasing cost of production and also to enable the proposed capital investment of over Rs 19,000 crore in the 12th Five Year Plan period (2012-17), Oil India (OIL) asked the union oil ministry to raise natural gas price. In a letter to the union oil ministry, the firm said its cost of production of natural gas from the nominated fields was increasing on sustained