The Tata Group is taking initiative in the country's financial inclusion. Tata Communications Payment Solution has got RBI's approval to install 15,000 automated teller machines (ATMs) in the next three years, two-third of which will be in smaller towns.
Category: Infrastructure Finance
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Recovery or Illusion?
Industry observers have promptly branded the growth in some of the core sectors in the second quarter as ´encouraging´ and ´first signs of recovery´ for the infrastructure sectors.
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Recourse in a financial dry-up
In order to execute mega specialised projects, one of the important requirements is new technology equipment. DK Vyas elaborates on the financing issues in the procurement and use of such equipment. The construction industry in India is the second largest industry after agriculture
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Future = sustainable economically booming
How does a city build infrastructure that nurtures stable economic growth and also harnesses sustainable and inclusive development, in a way that urban-dwellers can experience high quality of life with access to basic amenities, shelter and employment but are immune to the effects of climate change? Sunil MK draws from Asian benchmarks.
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Land Bill is a concern for Japanese investors
The financial champion of the much-hyped DMIC is largely tight-lipped about it. Shin Oya, Chief Representative, Japan Bank for International Cooperation (JBIC), tells Shilpi Aggarwal why his country may be waiting for the next general elections, is guarded on some questions but has no hesitation to say why the Indian government must treat ECBs better,
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Modalities for Infrastructure Trust Fund within a month
To accelerate the flow of long-term funds into various projects in areas such as power, roads and ports, the Union Finance Ministry may put in place within a month the modalities for a new structure of the Infrastructure Trust Fund, the Ministry stated. The proposed fund is expected in the nature of REIT (Real Estate Investment Trust), which are prevalent in many countries like Singapore.
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Govt to take loan from RBI
To meet its unexpected expenditure of the Union government, the Reserve Bank of India (RBI) would provide Rs 20,000 crore through its Ways and Means Advances (WMA) window in the second half of the current fiscal. In a statement, RBI said that it has been decided in consultation with the Union government that the limits for WMA for the second half of the financial year 2013-14 (October 2013- March 2014) would be Rs 20,000 crore.
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Bank Indonesia on revival
Bank Internasional Indonesia is reviving its operations in India under its new promoter, the Malaysia-based Maybank group. Commercial banking operations of the bank will resume with a capital of $28 million from its single-branch office in Mumbai with an initial focus on corporate banking.
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Gamesa bags order from AP
Gamesa Wind Turbines will supply 27 units of G97-2.0 MW turbines at Tagguparthi in Andhra Pradesh for an emerging power and utility development company. It has signed a 54 MW wind power project order with the company. Under the contract, the commissioning is scheduled to be completed by May 2014.
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Govt okays 13 FDI proposals
Thirteen foreign direct investment (FDI) proposals, worth Rs 1,258.53 crore, were cleared recently by the Union government. The FDI proposals include request to invest Rs 755 crore by Shantha Biotech acquired by French company Sanofi Aventis.