Debt-laden ABG Shipyard which has been scouting for a strategic investor for quite sometime now is likely to get one by the end of current fiscal. ´We need an investor for our existing projects which has a working capital requirement of Rs.500-700 crore,´
Category: Infrastructure Finance
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India and ADB sign $80 million loan agreement
The Asian Development Bank (ADB) and the Government of India signed an $80 million loan agreement to continue improving infrastructure in two North Eastern State Capital cities.
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FinMin to release Rs.32,000 cr for IR
In some relief to the railways, the finance ministry has restored support to IR from general exchequer to the tune of Rs.32,000 crore for the current fiscal.
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Govt may increase Rs.70k-cr planned capital infusion for PSBs
The Finance Ministry is considering infusing more than the announced Rs.70,000 crore in public sector banks to help strengthen their balancesheets.´
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200 SEZs likely to be exempt from 18.5percentage MAT
Enterprises operating from over 200 Special Economic Zones (SEZs) in the country are likely to be exempted from the minimum alternative tax (MAT) of 18.5 per cent on their book profits.
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The future in India seems challenging, yet promising
Firstly, while the global market remains volatile and has an impact on the Indian economy, India is expected to retain a growth rate of 7.3 per cent for FY 2015-16, as per the International Monetary Fund (IMF).
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WB anchor investor in Rail Fund
The World Bank would be the anchor investor in the new Railway Development Fund, which would be used to fund the modernisation of Indian Railways, Railway Minister Suresh Prabhu said.
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CBI investigates diversion of funds
The government has asked highway developers and banks to put their house in order or prepare for their contracts to be terminated.
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Happy New Infrastructure!
Clearly, the government had saved the best for the last, with a flurry of policy decisions at the year end. Infrastructure is clearly in for better times in 2016. The year 2015 was generally a positive one for the economy, although bumpy.
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Roads & highways – The road ahead: Challenges and possibilities
While the focus is on sprucing up national and state highways, and rightly so, the government must not forget about city, district and rural roads that need to be upgraded to address the burgeoning traffic.