Delays in projects being implemented in various states will cost the Union Government an additional Rs 66,619 crore.
Category: Infrastructure Finance
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DoT mulling MVNO model
The Department of Telecommunications (DoT) is conÂsidering the introduction of a mobile virtual network operator (MVNO) model to set up a wireless broadband network in rural areas.
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RBI DISCUSSES INFRA FUND
Financial stability development council (FSDC) sub-committee, headed by RBI governor, recently discussed operationalisation of debt funds as part of planned investment worth $1 trillion on core sector projects in five years.
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A victim of controversy?
Was he just doing his job, or was he leading a flawed rating process? As the move that invited the US Treasury's wrath, the rating agency Standard & Poor (S&P) invited a storm of controversy by downgrading the US long-term sovereign credit
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I don't think many people want to take up new SEZs
Tata Realty and Infrastructure has invested in SEZs, but its CEO Sanjay Ubale tells Shashidhar Nanjundaiah why SEZs no longer offer a lucrative platform for investors.
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More on Board
The Board of Directors of Larsen & Toubro announced that R Shankar Raman will be appointed Chief Financial Officer of the Company on 6 September 2011, and will subsequently be elevated to the Board on 1 October 2011.
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FSDC for urgent steps to set up infra debt funds
The Financial Stability and Development Council (FSDC), headed by Finance Minister Pranab Mukherjee, has decided to initiate steps for a more vibrant corporate bond market to enable industry to raise debt funds for infrastructure.
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Kerala to spend Rs 1 tn on infra projects
In the next few years, the Kerala State Industrial Development Corporation (KSIDC) will be working on several mega projects worth Rs 100,000 crore.
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New financing tool to boost infra funding
The government is likely to clear a new financing tool, which would help infrastructure project developers access funds at a cheaper rate based on a guarantee and also free funds for banks to lend to industry and retail borrowers.
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Next Railways Budget may not feature new projects
Burdened with Rs 2.5 lakh crore of projects stuck due to paucity of funds and other reaÂsons, the Indian Railways plans to give itself a 'plan holiday' in announcing new projects in 2012-13.