At a recent trading session on the Interbank Foreign Exchange market, the Indian rupee depreciated to a one-year low of 56.58 against the dollar. The decline in rupee against the dollar is attributed to the demand for the greenback from importers. Also, the concerns highlighted by Reserve Bank of India (RBI) Gove
Category: Infrastructure Finance
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Towards accessible hinterlands
Those against central-state joint participation and champions of the “federal structure” should learn the rural roads case study. Without the Rs 132,000 crore Pradhan Mantri Gram Sadak Yojana (PMGSY)
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Transforming Cities And City Systems
Indians from smaller towns and villages yearning for a more urbane living may now see their wish coming true due to upcoming NGOs such as this ten-year-old organization in Bengaluru, namely Janaagraha Centre For Citizenship and Democracy, that has pledged to transform the “quality of life in India’s cities and towns”.
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Ministry studies models proposed by Plan panel
Union coal ministry is studying two-three models proposed by the finance ministry and the Planning Commission for carrying out coal mining projects on the public-private partnership (PPP) mode.
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Ambiguity on FDI policy
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same.
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PM asks SEBI to support fund flow to infrastructure
Securities and Exchange Board of India (SEBI) received a request from Prime Minister Manmohan Singh to promote infra debt funds (IDFs) in order to boost funding to the infrastructure sector.
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Govt to introduce new norms for CPSE investment
The government is rationalising and consolidating the existing norms on the investment of excess cash by the Central Public Sector Enterprises (CPSEs). A committee appointed to review the investment norms for CPSEs submitted its report the finance ministry.
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Govt expects 50% infra investment to come from private sector
Sudhir Krishna, Secretary, Union Urban Development Ministry, informed that the government expects the share of private investment in infrastructure sector to rise to almost 50 per cent in the 12th Five Year Plan (2012-17).
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AP to seek fund for JNNURM-2
Andhra Pradesh Chief Minister N Kiran Kumar Reddy said he would ask the central government to allot Rs 20,000 crore under Jawaharlal Nehru National Urban Renewal Mission-2 (JNNURM-2).
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IL&FS infra fund
A new infrastructure fund would be launched jointly by Standard Chartered Private Equity and IL&FS Investment Managers with a corpus of around $600 million. This is the second fund being launched jointly by both the firms