The government plans three more sector-specific sub-funds, including for development of airports and ports, under the Rs.40,000 crore National Investment and Infrastructure Fund (NIIF), reports the Business Standard.
Category: Infrastructure Finance
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India wasting funds on new coal plants | greenpeace
Over Rs.3,00,000 crore is being ¨wasted by India¨ on building an additional 62 GW of coal power plants that will remain idle due to huge overcapacity in the power sector, Greenpeace has alleged.
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ADB to help Pune develop integrated transport policy
The Asian Development Bank (ADB) has agreed to finance the Pune Municipal Corporation (PMC) in conducting studies related to urban transport with an aim to reduce the effects of climate change and strengthen public transport, reports the Indian Express.
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FM announces exemption threshold, administrative control mechanism for GST
The two-day meeting of the newly-constituted GST Council comprising the Union Finance Minister, Union Minister of State for Finance and the state Finance Ministers has concluded.
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Indiabulls Housing raises Rs 1,330 crore via masala bonds
Indiabulls Housing Finance Ltd (IBHFL) has said that it has raised Rs 1,330 crore by issuing its first masala bonds to overseas investors.
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Cabinet approves creation of GST Council
Create one post of Additional Secretary to the GST Council in the GST Council Secretariat (at the level of Additional Secretary to the Government of India), and four posts of Commissioner in the GST Council Secretariat (at the level of Joint Secretary to the Government of India).
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GMR, MEP Infra & IRB Infra to launch infra investment trusts
SEBI had issued guidelines a couple of years back for infrastructure investment trusts (InvITs). The markets regulator has now granted permission to three companies — IRB Infrastructure, GMR and MEP Infrastructure — to launch the trusts.
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DLF to invest Rs 500 crore in Chennai IT park
Realty major DLF will invest about Rs 500 crore to develop an IT Park in Chennai as the commercial real estate market has picked up in major cities.
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GST and its impact
The Goods and Services Tax (GST) is the most radical taxation reform that is set to alter India´s economic prospects. A single indirect tax, encompassing all goods and services, is surely a welcome change.
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Digital infra projects to be speeded up
Around Rs.10,000 crore will be spent from the USO Fund in 2016-17 to speed up digital infrastructure projects even as the Finance Ministry remains conservative in allocations from it, Telecom Secretary JS Deepak said today.