A committee appointed by Reserve Bank of India (RBI) said called for encouraging large institutional investors such as pension funds, provident funds, insurance companies, etc. to invest in bonds floated by bank
Category: Infrastructure Finance
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Govt sticks to revised fiscal deficit target
Economic Affairs Secretary Arvind Mayaram informed that the government would not overshoot its revised fiscal deficit target of 5.3 percent in 2012-13. Earlier, Finance Minister P Chidambaram said this year fiscal deficit will be 5.3 per cent, instead of the budget estimate of 5.1 percent.
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Govt to widen Chamarajanagar’s double road
The Karnataka government has prepared a proposal for widening of B Rachaiah Double Road in Chamarajanagar. Funds have been set aside to shift the water supply pipeline, light poles and UG cables as part of the widening work and clearing illegal compounds.
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AAI’s plea to Govt for Rs 3,000 cr bond issue
With an objective to finance modernisation of non-metro airports, State-run Airports Authority of India (AAI) on October 31 said that it will soon approach the Union Finance Ministry afresh with the proposal to raise funds through a Rs 3,000-crore infrastructure bonds.
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NMC refuses funds under JNNURM for buses
Maharashtra government may give the funds meant for procuring 60 new buses by the Nagpur Municipal Corporation (NMC) to some other municipal body
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Insurance and pension funds are best suited for infra investments
Since infra projects are long term projects, Infrastructure Debt Fund (IDF) can bring in the big push in the sector as innovative means of credit enhancement is expected to provide long term, low cost debt, says D. V Prasad, Head-Finance, Essar Projects, in an interaction with Sumantra Das.
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Investing in risk assessment
Over the last two months, HDFC Bank recruited heads for four verticals, including infrastructure finance, to grow its investment banking business. Recently, several banks have been hiring up infrastructure experts, and as innocuous as the news may seem, it reflects a longer term goal to get specialised. As with most other lessons in India's infrastructure sector, the solution is reactive, not innovative. So banks have a job on their hands, and don't they know it.
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Innovative means to infra finance
Over the past few years, the government has changed its policy strategy from establishing institutions to creating mechanisms. Innovative methods can unlock financial potential better for the infrastructure sector, writes Dhruba Purkayastha. The much-hyped one trillion dollar investment required for infrastructure sector in India has been publicised well by the government as a huge investment opportunity.
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IDFs are yet to take shape in the country
It would be purposeful for taking steps towards simultaneously developing IDF and bond market, says SK Goel, Chairman & Managing Director, IIFCL, Infrastructure Debt Funds (IDFs) are yet to take shape in the country as the infrastructure bond market is in its nascent stage. Till infrastructure bond market develops, IDFs may not find adequate avenues for investment and on the contrary till IDFs evolve, the infrastructure bond market may find it difficult to attract sufficient investments.
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IDF should address asset-liability mismatch
The government should explore various options that can nurture IDF in an industry-friendly way, writes Vivek Rao. While conceptually Infrastructure Debt Funds (IDFs) would be very attractive for all stakeÂholders of the infrastructure sector including private sector developers, banks as well as the goverÂnment, IDFs would have to address certain challenges.