According to source-based information, government postponed the proposed disinvestment in development finance institution IFCI until such time its financial position is strengthened. The government took this move as it feels that in the present situation, it may not be able to fetch the correct price for its stake if it goes for
Category: Infrastructure Finance
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Govt delays disinvestment in IFCI
According to source-based information, government postponed the proposed disinvestment in development finance institution IFCI until such time its financial position is strengthened. The government took this move as it feels that in the present situation, it may not be able to fetch the correct price for its stake if it goes for
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Private equity investors exit $1.03 bn investment
During Jan-Mar 2013, exit deals in the private equity (PEs) space is estimated at $1.028 billion through 24 deals compared to exit worth $1.732 billion from 21 deals in Oct-Dec 2012 quarter. The exits declined 18 per cent in value and 29 per cent in volume compared to Jan-Mar 2012. During this quarter, PEs exited $1.260 billion worth of investment from 34 deals
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PFC to acquire stake in state-run bank
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
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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 “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.