For its proposed Global Infrastructure Facility (GIF) that will finance core projects in emerging economies like India, the World Bank is expected to finalise the GIF's shape by next April, says an official in India's Finance Ministry.
Tag: April
Post
Post
Indian firms’ foreign investment trebles to $ 7.64 bn
During April, overseas direct investment by Indian companies trebled to $7.64 billion, from $1.89 billion in March. As many as 499 deals were carried out by the Indian companies during the first month of the current fiscal to carry out the outward foreign direct investment, data from the Reserve Bank showed on June 13. Bharti Airtel, ONGC Videsh, Suzlon Energy, GMR Infrastructure, Amtek Auto and Tractors and Farm Equipment were among the major companies that invested in their overseas arms durin
Post
615.7 mt traffic in 2011-12
Union Minister of Shipping, GK Vasan said that the traffic handling at major ports is forecast at 615.70 million tonne for 2011-12 as per National Maritime Development Programme.
Post
14 expansion projects on anvil
The shipping ministry plans to award 14 capacity expansion projects worth more than Rs 4,000 crore in the coming fiscal on a public private partnership (PPP) basis.
Post
Noida gets Rs 5K cr thrust
Noida received a budgetary allocation of Rs 4,997.65 crore out of the Rs 17,000 crore allotted for the development of Noida, Greater Noida and Yamuna Expressway.
Post
Nomura floatS $500 mn fund
Nomura Securities plans to raise $500 million India Infrastructure Fund from domestic investors to invest in companies that build roads, ports and power utilities.
Post
Oil prices favor gas cos
The gap between the price of crude oil and natural gas will provide an impetus to a fast shift towards cheaper natural gas.
Post
IIFCL signs $250 mn deal with ADB
The government, Asian Development Bank (ADB) and the IIFCL have signed a $250 million loan agreement for tranche 2 of the ongoing Second India Infrastructure Project Financing Facility.
Post
Locals receive coal blocks
Coal Minister S Jaiswal approved a policy for small and isolated coal blocks that are economically unviable but are enough to feed local demand.
Post
Privatisation plan revived
Union Coal Ministry has decided to renew a decade-old proposal of opening up the sector for private investors in order to boost production in the sector.