In order to kick start sagging investment in infrastructure and other key sectors in the economy, Prime Minister’s Office (PMO) plans to create a special purpose vehicle (SPV).
Category: Infrastructure Finance
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Relaxed norms for dev fund release for J&K, NE states
Urban Development Ministry requested the Cabinet Committee on Infrastructure to delink the reforms implementation with the release of funds for the
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PFC to raise $250 m
Power Finance Corporation (PFC) will raise $250 million through external commercial borrowing (ECB), looking at expanding its portfolio by funding coal mining projects overseas.
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Empee to invest Rs 6,500 cr
With an investment of Rs 6,500 crore, Chennai-based Empee Group of Companies is planning to set up a mega thermal power project of up to 1,320 mw in Tamil Nadu.
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LIC, IL&FS propose $2 bn infra fund
Life Insurance Corporation of India (LIC) plans to hold 10 per cent stake in the proposed $2 billion infrastructure debt fund (IDF) that it would set up in coordination with IL&FS.
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Orissa to seek Rs 13 bn from Nabard for rural projects
Under the18th tranche of Rural Infrastructure Development Fund (RIDF), Orissa government may seek Rs 1,300 crore from National Bank for Agriculture & Rural Development (Nabard).
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Infra investment may rise to 10 per cent of GDP
In 2011-12, infrastructure investment as a share of GDP was approximately 8 per cent and it is expected to rise to 10 per cent of GDP over the next five years, experts opined.
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REC to raise Rs 30,000 crore
Through tax-free bonds and foreign convertible bonds, the Rural Electrification Corp (REC) will raise Rs 30,000 crore in the current financial year.
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Equipment for key ports
Union Finance Ministry approved the installation of three mobile Gamma Ray scanners at ports of Chennai, Tuticorin and Kandla and four fixed X-ray
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Equipment for key ports
Union Finance Ministry approved the installation of three mobile Gamma Ray scanners at ports of Chennai, Tuticorin and Kandla and four fixed X-ray