The government has inked a deal with the World Bank for a $400 million loan for an urban development project in Tamil Nadu.
Category: Infrastructure Finance
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Infra funds tracker as on April 30, 2015
With the aim of maintaining its thrust on the infrastructure sector, the Indian government recently announced it would spend close to Rs 20,000 cr in building roads in the North-Eastern states in the current financial year 2015-16.
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Norms for SEZs finance
Paving the way for the country´s first finance SEZ, the Gujarat International Finance Tec-City (GIFT), to commence operations, Finance Minister Arun Jaitley at a function recently unveiled the composite regulatory framework for financial- sector
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Rs.1.71 lakh crore for projects
In a meeting with the Finance Ministry recently, some 27 state-owned banks have agreed to extend credit of around Rs 1.71 lakh crore to non-conventional energy projects over the next five years.
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Power Grid nod for fund plans of new projects
State-run Power Grid Corporation of India Limited recently said its board has approved six new investment plans worth Rs 5,500 crore. In a meeting held on April 17, the Board of Directors gave investment approvals to two projects involving implementation of two green energy corridors, three communication investment projects
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TN eyes $25 bn investment
The Tamil Nadu Government has come out with Vision 2023, which envisages investments to the tune of Rs 1,50,000 crore ($25 billion)
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Vodafone invests Rs 480 cr
Vodafone India said that it has invested over Rs 480 crore to ramp up network and distribution in Uttar Pradesh (UP) East circle over the past 12 months. The company has expanded its network footprint by adding over 800 new 3G sites across UP East in the past 12 months.
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Railways in severe financial crisis, says Trivedi Panel
After two years of healthy operations, a severe financial crisis has again gripped Indian Railways (IR), says a parliamen-¡tary panel headed by former Railway Minister Dinesh Trivedi.
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Net Neutrality: TRAI invites flak
Netizens and application service providers have overwhelmingly supported net neutrality, urging that apps must not be brought under a licensing regime in response to the consultation paper floated by the telecom regulator on an open Internet.
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IT Dept slaps Rs.20,495 cr tax demand on Cairn India
Cairn India Ltd, the petroleum arm of London-headquartered Vedanta Resources Plc, has received a tax notice of Rs.20,495 crore from the Income Tax department for failing to deduct withholding tax on alleged capital gains by its erstwhile promoter, Cairn UK Holdings Ltd (CUHL), a subsidiary of Edinburgh-based Cairn Energy Plc.