The World Bank (WB) has funded Rs 1,362 crore for modernisation of roads which includes rural road connectivity programme. In this, 1,056 revenue villages having population 250-499 (as per census 2001) in 21 districts shall be connected by all-weather roads in Rajasthan. The major components of the projects are road section modernisation and performance enhancement.
Category: Infrastructure Finance
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PE investments jump to $9.1 bn
Private equity (PE) investments in the country surged over 20 per cent to $9.1 billion last year even as deal volumes declined during the same period, says a report. According to Ernst & Young, PE activity in the country has been range bound with an average of $8.5 billion across 400 deals in each of the last four years. Total number of deals were higher at 415 in 2012.
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Steady outlook on banking sector
Banks in the country would largely remain resilient to the cyclical downturn on improvement in loan loss reserves and common equity injections in 2014, says an India Ratings and Research report. The report underlines a stable outlook for the sector in 2014. However, banks continue to face credit quality pressures from loan concentration, borrowers´ over-leverage and the prevailing economic slowdown. The portfolio of stressed assets is expected to grow from about 10.25 per cent at the end of Sept
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We enable reduction in industry input costs
Pradeep Kumar Kharola, MD, Bangalore Metro Rail Corporation Ltd (BMRCL), tells Shashidhar Nanjundaiah that efficiency-of commute and technology-is the key mantra for the city's metro rail system, another "reach" of which will be operational soon.
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Provisioning norms eased on loans for low-income housing
Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH)is established by government of India to cover advances provided for low income housing.
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RBI grants QCCP status for CCIL
Qualified central counterparty (QCCP)status granted by RBI to Clearing Corporation of India Ltd (CCIL) in the Indian jurisdiction.
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Reform agenda: Hoping for relief
Hindsight: The rising interest rate is a grave concern for infrastructure companies. The beleaguered funding situation have seen a number of projects already been put on hold in the planning stage itself.
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Taking stock: Domino effect – Too late to stop?
Is the worst over for infrastructure? The fact that this question lingers is perhaps testimony to the uncertainty that prevails. Unrealistic bids, bureaucratic slowdown, social groundswell, coal scam, mining scam ... the list of factors that has created seemingly unstoppable negativity seems daunting. The government mainly the Prime Minister´s Office had to repeatedly intervene to address frustratingly sticky problems confronting the infrastructure sector.
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Infra sector will regain momentum only in medium-to-long term
It seems controllable and uncontrollable factors have converged on the infrastructure sector, causing lenders and investors to step back in their plans. Ranjit Manjarekar, COO Infrastructure Finance, Tata Capital, tells Infrastructure Today that lack of visibility of returns, stemming from uncertainties, is a big dampener, but tells us how his firm is manoeuvring around the roadblocks to identify the right segments to go after.
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India, UAE sign pact to boost investments
A Bilateral Investment Promotion and Protection Agreement (BIPPA) between the Government of India and the Government of UAE was formally signed in Delhi recently. The agreement was signed by Namo Narain Meena, Minister of State (E and FS), on behalf of Government of India and Obaid Humaid Al Tayer, Minister of State for Financial Affairs of UAE on behalf of Government of UAE.