The government is finally taking note. While it is too early to say that a solution to the woes of distribution companies (DISCOMs) is just around the corner, the wheels are in motion.
FlashNews:
India’s Renewables Pivot: From Speed to System Strength
IndiGo Expands Saudi Connectivity with Daily Mumbai-Madinah Flights from November 15
Vaishnaw Visits Delhi Station as Railways Set to Run Record 12,011 Festive Trains
UDAN Turns Nine: 15.6 Million Flyers, ₹90 Billion Invested in Regional Aviation
India’s Logistics Cost to Hit Single Digits by December 2025: Gadkari
Toshiba Commits ₹32.32 Billion to Expand T&D Manufacturing in Japan and India
Embraer-Mahindra Alliance to Deliver C-390 Millennium Transport Aircraft for IAF
Inland Waterway Haldia Multi-Modal Terminal Operationalised Under PPP Model
Digital Monitoring Led to Shutdown of 51 Stalled Projects in Northeast: Scindia
IndiGo Confirms 60 A350-900s, Signs Rolls-Royce Deal to Power Long-Haul Expansion
IndiGo to Launch Direct Athens Flights on India’s First Airbus A321XLR
DGCA Launches Auto-Generated Computer Numbers for Flight Crew via Pariksha Portal
India’s Digital Firewall Shields Millions from Spoof Calls, with Even Google Adopting It: Scindia
India Post Preps to Reboot as Logistics Giant Under Scindia’s Watch
India’s Grade A Warehousing Demand Hits Record 26.5 Million Sq Ft in 2025
IndiGo Integrates with Digi Yatra for Seamless, Contactless Boarding
CS TECH Ai Powers Khanij Online 2.0 Rollout for Transparent Mineral Governance in Chhattisgarh
IREE 2025: Schaeffler India Showcases Future-Ready Rail Solutions at IREE 2025
IREE 2025: Vaishnaw Unveils Bold 7,000-km High-Speed Rail Vision to Power Viksit Bharat
Tag: banking system
5/25 scheme may benefit projects with stable cash flows
We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
The infrastructure story is waiting to unfold
Infrastructure is the backbone on which the economic and social wellbeing of any country hinges. Though India has emerged as the third largest economy, its GDP growth rate slowed down to less than 5 per cent in FY 13-14, as against a CAGR of 8.4 per cent during 2003 - 2010.
Rates on CDs remain above 8%
Owing to the outflow of corporate advance tax from the banking system, rates on the Certificates of Deposit (CDs) are ruling high above 8 percent, media reports indicate. The first instalment of corporate advance tax is due on June 15. Advance tax outflow has strained liquidity in the banking system with banks borrowing about Rs 85,000 crore on an average under RBIÂ’s liquidity adjustment facilit
Bad loans of banks rises
According to the Economic Survey 2012-13, overall non-performing assets (NPAs) of the banking sector rose from 2.36 per cent of total credit in March 2011 to 3.57 per cent in September 2012. Slowdown and the high leverage levels have caused loans to a few industry and infrastructure sectors turning NPAs, the survey notes. Sectors particularly under
Banks may find it difficult to raise non-equity core capital
Crisil Ratings President Ramraj Pai opined that banks may find it difficult to raise Rs 1.4 trillion worth of non-equity-based tier-I capital, as mandated by Basel III norms, because of complexity involved in these debt instruments. According to Basel III norms, banks will have to raise
1.3 trillion as equity capital and up to Rs 1.4 trillion as non-equity tier-I capital
State-run banks may get around Rs 200 bn from govt
Media reports suggest that the government may infuse around Rs 20,000 crore into state-run banks in 2013-14 so that they comply with the capital adequacy conditions of Basel III norms. It is learnt that public sector banks (PSBs) have demanded the above amount for the next financial year from
Early enforcement of Basel III may be challenging for banks
According to global ratings agency Standard & PoorÂ’s, the Indian banking system could face challenges in maintaining or raising capital ratios if Basel-III norms are implemented immediately. The agency said if the Reserve Bank of India decides to implement Basel-III norms immediately Indian banks could face a $3-4 billion (Rs 16,185-21,600 crore) capital shor
Firms seek debt recast for 2nd time
More and more companies are applying for second round of corporate debt restructuring (CDR) because of their inability to service loans, a report by brokerage firm Prabhudas Lilladhar shows. The report shows that not only is the number of debt-restructuring proposals reaching CDR cell on the rise, the quality of cases is
NPAs of state-run banks rise to Rs 1.43 trillion
The non-performing assets (NPAs) of state-run banks rose to Rs 143,765 crore as at end September, 2012 from Rs 112,489 crore at the end of March, 2012, Minister of State for Finance Namo Narain Meena informed the Rajya Sabha. Of the total gross NPAs of state-run banks, 31.9 per cent belon