Category: Infrastructure Finance

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India signs agreement with World Bank for Eastern DFC

India signs agreement with World Bank for Eastern DFC

A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) for the Eastern Dedicated Freight Corridor-III (EDFC-III) Project has been signed between the Government of India and the World Bank in the national capital.

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HDFC raises Rs 500 crore via masala bonds

HDFC raises Rs 500 crore via masala bonds

Mortgage lender HDFC has said that it has raised Rs 500 crore through rupee-denominated bonds from overseas investors. “The corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs 500 crore,” HDFC said in a regulatory filing to stock exchanges.

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Still a work in progress

Still a work in progress

The GST regime will facilitate ease of doing business, but the government has to ensure that there is no adversarial impact on the infrastructure sector during the rollout, says PRATIK JAIN.

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Most complex tax regime by far

Most complex tax regime by far

The macroeconomic aspects of GST haven´t been taken into account. If the government says that it will collect more revenue, then that means that prices will have to rise because it´s an indirect tax. If prices rise, then industrial output would tend to stagnate or decline.