Satnam Singh, Managing Director of Power Finance Corp (PFC) plans to buy a substantial stake in a public sector unit (PSU) bank that would allow it to have a representation at the board level. A month ago, PFC informed its intention to acquire stake in state-run bank to the power and the finance ministries
Category: Infrastructure Finance
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RBI to take policy decision based on macroeconomy
The Reserve Bank of India (RBI) Governor Duvvuri Subbarao informed that the central bank would consider macro economic factors and "more importantly" the current account deficit before taking monetary policy stance. He attributed the depreciation of the Indian rupee to high current account deficit. The said deficit rose to a reco
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RBI to take policy decision based on macroeconomy
The Reserve Bank of India (RBI) Governor Duvvuri Subbarao informed that the central bank would consider macro economic factors and "more importantly" the current account deficit before taking monetary policy stance. He attributed the depreciation of the Indian rupee to high current account deficit. The said deficit rose to a reco
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Rupee falls to one-year low against dollar
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
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Towards accessible hinterlands
Those against central-state joint participation and champions of the Ăâfederal structureĂâ 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 Ăâquality of life in IndiaĂâs cities and townsĂâ.
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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.