The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
Category: Infrastructure Finance
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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Minimal stress on states’ fiscal consolidation path
The Central Government's financial debt restructuring plan for state distribution companies (discoms) is a well thought-out scheme. The restructuring plan takes into account the fiscal consolidation roadmap suggested by the Thirteenth Finance Commission (TFC) and exerts minimal stress on states' fiscal profiles, writes Devendra Kumar Pant.
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High performance in infra and construction
Diversification and technical competency will differentiate the wheat from the chaff, say top executives from the infrastructure sector, in a study by Accenture and CIDC.
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Sunand Sharma at the helm of IFCCI
Sunand Sharma, Country President, Alstom India & South Asia and Chairman, Alstom India, has been elected as the President of the 'Indo-French Chamber of Commerce & Industry' (IFCCI) at the 151st General Council Meeting of IFCCI held in Mumbai. Sharma was associated as Vice-President with IFCCI in his previous role.
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Union cabinet to decide on land policy
A new land policy, that may clear land acquisition hurdle for existing and new infrastructure projects, would go to the union cabinet for approval. Land acquisition remains a major concern. Last year, a ban was imposed on the transfer of government land to other entities. If any department had to implement a project that required alienation of land (through lease, licence or rent), it had to seek the approval of the cabinet.
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Power finance cos to see higher growth
A research report by Avendus Securities stated that power finance and housing finance companies are likely to have better time going ahead while finance companies engaged in the retail sector may see moderation in demand growth.
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West Bengal for pvt funding
For widening and further improvement of its state highways, the West Bengal government is mulling to invite private investments in the state.
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Ramky posts net sales growth
Ramky Infrastructure reported net sales of Rs 669.17 crore for the quarter ended 30 June 2012, as compared to Rs 602.80 crore in corresponding period of last fiscal year,
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Macquarie SBI invests in Ashoka
Macquarie SBI Infrastructure Fund (MSIF) has completed an investment of $150 million in Ashoka Concessions (ACL), along with a co-investor, the SBI Macquarie Infrastructure Trust (SMIT).