Some ministers of the Kerala government expressed dissatisfaction over the inadequate allocation of funds for the Vizhinjam port in the union budget 2013-14. There is a big setback for Kerala as the Vizhinjam project has been ignored in the budget, whereas Tuticorin port in Tamil Nadu has been earmarked a substantial outla
Category: Infrastructure Finance
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We need more specialised infrastructure funding institutions
We would like to continue infrastructure lending by cherry-picking good and viable projects promoted by parties with proven track records, says HS Upendra Kamath, Chairman and Managing Director, Vijaya Bank
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The urban expert
RK Jha is the Director of Gujarat International Finance Tec-City Co (GIFT), a joint venture of Government of Gujarat and IL&FS, has over 44 years of professional experience in planning, design, project development, execution (including financing),
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Budget: mixed impact on O&G sector
Industry watchers feel that the Budget 2013-14 may have a mixed impact on the oil and gas sector. While the Finance Minister announced that his government would soon release shale gas policy and review the pricing of natural gas, industry players are
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Budget provides 15% allowance for over Rs 100 cr investment
The Budget 2013-14 provides 15 per cent investment allowance on investment of more than Rs 100 crore in plant and machinery. Concessional rate of tax of 15 per cent on dividend received from its foreign subsidiary by a company continued for one more year.
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PFC plans banking business
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, Power Finance Corporation (PFC) plans to apply for a license to launch banking operation.
Satnam Singh, Chairman and Managing Director of the power sector lender said his firm
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Shriram Group mulls banking foray
With the Reserve Bank of India (RBI) releasing guidelines for new bank licences, a slew of industry conglomerates are interested to make a foray into banking business. One among them is the Chennai-based Shriram Group, promoted by R Thyagarajan.
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Canadian envoy raises concern
Canadian High Commissioner to India Stewart Beck pointed out that there are many problems on the regulatory side especially in the mining sector like land acquisition and land ownership issues. It is very difficult for Canadian companies to understand the
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DMRC gets Rs 31 bn
Union Budget 2013-14 allocated Rs 3,120 crore to the Delhi Metro Rail Corporation (DMRC) for the construction of Metro Phase III. This is higher than the Rs 2,200 crore outlay that the corporation received in 2012-13.
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railways needs more private investment
Experts suggest Indian Railways to attract more private players in order to attain the targeted investment in the sector during the 12th Five Year Plan (2012-17).