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Jaypee Infra defaults on loans

Jaypee Infra defaults on loans

Jaypee Infratech announced it had defaulted, for the first time, on interest payments to Indian banks of Rs.193 crore and of Rs.300 crore to Life Insurance Corporation of India in repayment of principal.

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PAC wants PPP projects under CAG

PAC wants PPP projects under CAG

The Public Accounts Committee strongly favours empowering the Comptroller and Auditor General to examine investment, expenditure and profit aspects in public-private-partnership (PPP) projects.