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).
Category: Infrastructure Finance
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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
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RBI tightens restructuring norms of infra projects
The Reserve Bank of India (RBI) on May 30 has announced its final guidelines provisioning norms for restructured accounts and asset classification.
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Cabinet nod for telecom towers at naxal-affected states
The Cabinet cleared setting up mobile towers at cost of around Rs 3,046 crore in nine states affected by naxal violence to improve communication. State-owned BSNL will set up towers at 2,199 locations in the nine states in next 12 months, Finance Minister P Chidambaram said after a Cabinet meeting.
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Instrumental in growth
Yogesh Dhingra is Chief Operating Officer and Finance Director (COO & FD) of Blue Dart Express. He has been with Blue Dart for over 20 years with an overall experience of 28 years across diverse industries.
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Microfinance institutions’ loan portfolio rises 23%
As per a report by the Microfinance Institutions Network (MFIN) the gross loan portfolio (GLP) of microfinance institutions (MFIs) rose to 23 per cent across the country in 2012-13 with AP MFIs growing 7 per cent and non-AP MFIs witnessing a growth of 39 per cent.
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RBI mulls open market operations
Reserve Bank of India Deputy Governor HR Khan has said that the RBI is looking at conducting open market operations (OMO) after assessing the government's cash balance, RBI will assess the liquidity situation and then see what the government balance is, whether it is short term or long term. The government balance is quite substantial, he added.
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HUDCO to give loan for SDA’s projects
At a high level meeting between the officials of Srinagar Development Authority (SDA) and Housing and Urban Development Corporation (HUDCO), it was decided that the former would seek loan from the latter for construction of houses and other projects. The SDA decided to seek financial assistance from HUDCO given the mounting demand for apartment-type housing and in view of the escalating land costs in Srin
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Tripura CM discusses need to expedite infra projects
During a meeting with Planning Commission Deputy Chairman Montek Singh Ahluwalia, Tripura Chief Minister Manik Sarkar discussed the need to expedite critical infrastructure projects in the state. Sarkar informed Singh that some of the critical infrastructure projects likely to be implemented by the central government in the state are behind schedule. The chief minister met the Planning Commission chief to decide the annual plan outlay for state, which was