The governmentÂ’s sincere attempts to expedite the project clearance of the stalled projects and participation by the private entrepreneurs in PPP projects in infrastructure would lead to enhancement of steel consumption in 2013-14.
Category: Infrastructure Finance
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Fee-sharing mechanisms should be encouraged to push takeout finance
Takeout financing should be one of the key channels for financing infrastructure projects, wherein, certain sectors like power do have sector exposure issues with the banking sector,
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Ahluwalia urges pvt sector to invest $500 bn in infra projects
With the government consolidating its fiscal position, Planning Commission Deputy Chairman Montek Singh Ahluwalia urged private sector to contribute no less than 50 per cent of the estimated investment in infrastructure in the 12th five year plan (2012-17). It may be noted that the government estimated $1 trillion investment in infrastructure during this period. Ahluwalia said there are zero prospects of the gove
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More watchdogs to be appointed by Civil Aviation Authority
Once the proposed Civil Aviation Authority (CAA) is constituted, one of the first things it is to do is to recruit people at market rates for use in regulatory purposes. Director General of Civil Aviation Arun Mishra said the CAA should begin functioning towards the latter half of the year with initial support from the Finance Ministry and thereafter through fees collected from airlines operators that is currently deposited into the Consolidated Fund of India.
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Plan panel clears Rs 5.48 tn outlay for railways in 12th plan
The Planning Commission approved an outlay of Rs 5.19 lakh crore for Indian Railways in the Twelfth Five Year Plan (2012-2017). It may be noted that the railway ministry proposed an outlay of Rs 5.48 lakh crore. This information was given by the Minister of State for Railways Adhir Ranjan Chowdhury in Rajya Sabha. The total outlay cleared by the commission includes
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World Bank chief welcomes idea of BRICS bank
World Bank President Jim Young Kim welcomed the idea of setting up a bank collectively by Brazil, Russia, India, China and South Africa or BRICS countries in order to fund their infrastructure projects. He said every single BRICS country has an enormous infrastructure deficit that simply can't be met by a single institution, certainly not the World Bank in and of itself
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L&T arm to raise $500 mn infra debt fund
In order to invest in distressed assets, particularly in the roads segment, L&T Infrastructure Finance plans to mop up $500-million ( Rs 2,708 crore) by floating its maiden debt fund. Media reports indicate that the fund would also invest in renewable energy, power and urban infrastructure projects
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Banks bet big on retail credit
With credit flow to corporate sector remaining weak, banks are betting big on advances to the retail sector. Banks expect that advances to retail customers would support credit growth in 2013-14 like the previous year. That is because demand for credit from the corporate sector is weak. Although some banks are confident that credit flow to corporate sector would improve eventually, for the time
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Govt may relax norms for low-cost housing, infra
To enable Indian companies access cheaper funds abroad, the Union government might further ease the norms for raising funds through the external commercial borrowing (ECB) window, particularly for low-cost housing and infrastructure sectors like telecom and ports.
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IIFL gets Rs 628 crore commitment for AIF
The IIFL Income Opportunities Fund of the diversified financial company India Infoline received commitment of Rs 628 crore. The IIFL Income Opportunities Fund is an alternate investment fund (AIF) of the company and according to the company press release it is the country's largest AIF fund raising till