Under the finance ministry's new announcement, the revenues of a project will be transferred to the trust, which will then issue units to investors. Shilpi Aggarwal says the government is seeking innovative financing solutions for infrastructure.
Category: Infrastructure Finance
Post
Post
Essar Ports Harbinger of hope
From a modest beginning, it is now a name to reckon with among ports in India. With a massive 48 per cent profit in Q1, a port and five terminals to operationalise in the next year, the company expects to continue doing well for a second consecutive quarter (ended September). Sumantra Das writes on the emergence of Essar Ports.
Post
Oil firms to acquire foreign debt funds
To reduce pressure on the current account deficit (CAD), Centre has asked the state-owned power firms to utilise foreign debts to fund their foreign acquisitions completely.
Post
Govt mulls infrastructure trust fund
The Union government is mulling to set up an infrastructure trust fund by next November. The fund will be on the lines of fiscal funds set up by real estate investment trusts in Singapore and some other countries.
Post
Odisha top investment destination
Latest data released by the Reserve Bank of India (RBI) say that for new projects Odisha has emerged as the hottest investment destination as investor interest in prosperous states such as Maharashtra, Gujarat, Karnataka
Post
ADB loan to Rajasthan
To boost Rajasthan's renewable energy capacity and to construct a power transmission system in the state, the Asian Development Bank (ADB) has agreed to provide a loan of $500 million.
Post
CAD to be under control
RBI Governor, Raghuram G Rajan has said that the current account deficit (CAD), which was going to take the country to crisis, is likely to be under control for the time being.
Post
Jaipur Metro to get Central funding
The Union Urban Development Secretary Sudhir Krishna said that the Union government is to make equity investment in Jaipur Metro, which till now, was funded by the state government. The proposal will be put forth Union Cabinet soon, he said without revealing further details.
Post
Kolkata to get $400 mn ADB loan
To improve water and sanitation system in peripheral areas of Kolkata, Asia Development Bank (ADB) will provide $400 million loan. The
loan will help the city improve its water and sanitation system in peripheral areas of the fast-growing metropolis which are missing out on quality services, ADB said.
Post
Govt to meet Rs 54,000 cr disinvestment target
The Union government is confident of meeting the Rs 54,000 crore disinvestment target for 2013-14, the government said on September 23. The government has set a target of Rs 40,000 crore for its stake sale in public sector units (PSUs) and Rs 14,000 crore from selling its shares in private companies.