There are many sources to fund projects envisaged by selected smart cities. One of the important means is grants by governments-state and central. In fact, the smart cities can structure themselves to monetise some of the assets under their possession and identify revenue-generating projects.
FlashNews:
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Category: Infrastructure Finance
Post Budget Analysis | Housing Finance Companies
The Union Budget for FY2018 has maintained focus on meeting the Housing for All agenda by 2022. The allocation is marginally lower than the last fiscal.
Bond Market Issuances Likely to Remain Stable
India Ratings and Research (Ind-Ra) expects primary market activities in the corporate bond market to remain steady, however, growth will be protracted owing to muted capex plan for Corporate India.
State Government of Maharashtra considering indemnifying bankers in infrastructure project funding
With huge infrastructure projects underway in Maharashtra, the state government is looking at restructuring its funding model so that bankers who are willing to fund projects will be covered by the government. This will form part of the agreement that they sign with the developers.
Infrastructure assets provide better risk returns
If the Indian economy needs to sustain its growth momentum in the coming decade, developing world-class infrastructure facilities is of paramount importance. Traditionally in India, a significant portion of debt requirement for financing infrastructure has been met by borrowing from domestic banks.
India’s 1st infra investability index launched
CRISIL launched the CRISIL InfraInvex, India's first investability index that tracks, measures and assesses the development, maturity and investment attractiveness of infrastructure sectors, along with the CRISIL Infrastructure Yearbook 2017, a first-of-its-kind annual publication.
IRB Infra’s Pathankot – Amritsar Highway set to be transferred to InvIT Fund
IRB Infrastructure Developers Ltd, will transfer its Pathankot – Amritsar Highway project to the IRB InvIT. As a result of this, IRB Infra will receive Rs 544 crore.
Piramal Finance Announces the Launch of Piramal Housing Finance
Piramal Finance Limited (PFL) announced its foray into the retail housing finance business through its wholly owned subsidiary, Piramal Housing Finance Private Ltd. Under a license received from the National Housing Bank to operate, the housing finance vertical will offer home loans as well as loans against property and construction finance for small developers.
JICA to aid VaranasiÂ’s Convention Centre
Japan International Cooperation Agency (JICA) signed a Grant Agreement with the Government of India to provide grant aid of up to Rs 130 crore for the construction of the International Cooperation and Convention Centre in Varanasi.
Forget elections, fix the economy!
The economy is huffing and puffing. Its health report indicates a serious infection. The economy has been inflicted with two rounds of disruptions which have caused it to sputter; Demonetisation and GST. Before the GDP numbers were recalibrated, the GDP numbers had turned in sub six percent figures.