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.
Category: Infrastructure Finance
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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.
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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.
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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.
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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.
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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.
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Deutsche Bank swaps $450 mn via RBI window
In a first in India, Deutsche Bank has used the Reserve Bank of India's (RBI) window to swap fresh foreign currency non-resident bank (FCNR) (B) dollar funds. The bank raised about $450 million FCNR (B) deposits from about 10 non-resident Indians and swapped it with the central bank.
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Govt mulls to set up infrastructure trust fund
In support of investments in the infrastructure sector, 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. In India, infrastructure sector has been struggling for the past few years due to lack of investments since banks have been wary of lending due to policy constraints.