To meet 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, RBI said on September 30.
Category: Infrastructure Finance
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Robust regulation for infrastructure is a necessary…
Although her bank itself has been lending to infrastructure for about a decade, she says that infrastructure finance is too infantile to be assessed for quality shedding light on the long-drawn and complex learning process the sectors and their financiers are experiencing.
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Canadian pension funds for India’s infra development
The 5th India Infrastructure Summit 2013 organised by FICCI recently in New Delhi explored the various means of infrastructure financing and funding. A report.
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Assocham summit Infra trust fund on its way
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.
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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.
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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.
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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.
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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
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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.
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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.