The government has dropped a proposal to create three funds worth Rs.17,500 crore for promoting production of telecom equipment in the country as it can be covered under the Electronic Development Fund, Parliament has been informed.
Category: Infrastructure Finance
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Monitoring contractual obligations is the next big thing for India
Indeed. From the mid-1990s, where we started with private sector involvement with power generation, and subsequently into mobile telephony and transport sector in the mid-2010s, we are easily the world´s largest PPP market. India has travelled a long way.
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Rs.2,000 crore for Puducherry infra
Puducherry Chief Minister V Narayanasamy has said that The Agence Francaise Developpement (AFD), a public financial institution in France would extend assistance of over Rs.2,000 crore for developing infrastructure in the Union Territory
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Seed investment platform Venture Catalysts raises $500k from Zaffiro
Venture Catalysts, a Mumbai-based seed investment platform, has raised $500,000 from Zaffiro Ventures as it looks to expand its presence to Ahmedabad, Bengaluru, Delhi and Raipur, among other cities, in the next three years.
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Telcos to invest Rs.12,000 cr to check call drops
B Telecom operators have committed to invest Rs.12,000 crore within the next three months to install 60,000 towers and put an end to the mobile call drop menace. Major companies were called in by the Department of Telecom (DoT) to discuss the issue and improve service quality.
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Digital Payment Systems
Banks and financial institutions in India are poised to leverage the benefits of technology, and mobile devices, to increase their presence in under-banked sectors in India, without needing brick and mortar structures.
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Developers will be able to get rid of their excess baggage
We are almost there both with REIT and InvIT. They have been in the pipeline for quite some time. The government has taken the initiative to come out with proper SEBI regulations, which itself is the very first step towards REITs and InvITs.
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Addressing Infrastructure Financing Needs
After liberalisation, the government´s primary focus was on reducing the fiscal deficit to restore macroeconomic stability, reforming trade and exchange rate policies and liberalising foreign investment policy. Infrastructure was never a growth constraint in the short term, considering the low utilisation of the existing infrastructure then.
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Tripura opposes 50-50 ratio of funding
Tripura Urban Development Minister Manik Dey has asked the Union Urban Development Ministry to comply with the decision to allocate funds on 90:10 ratio for implementation of the Smart City project in the city
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Airtel completes Rs.4,428 cr deal with Videocon Telecom
Bharti Airtel has said that it has completed the Rs.4,428 crore deal with Videocon Telecommunications Ltd (VTL) to acquire the latter´s spectrum in six circles. In March, Bharti Airtel and VTL had entered into a definitive agreement, wherein, Airtel proposed to acquire the rights to use 2X5 MHz spectrum in the 1800 MHz band allotted to VTL for an aggregate consideration of Rs.4,428 crore.