In a letter to the Department of Economic Affairs (DEA), telecom secretary M F Farooqui has urged to speedily clear a compost of incentives to give telecom tower companies a shot-in-the-arm.
National Housing Bank (NHB) expects Housing finance companies (HFCs) to raise funds through the external commercial borrowings (ECBs) as Reserve Bank of India (RBI) reviewed ECB norms. HFCs may avail ECBs to fund their affordable housing projects, NHB, which is the regulator of the sector said. RV Verma, Chairman of NHB said the regulator received an application from HDFC for ECB and it expe
Essar Oil is in the process of replacing its high-cost rupee loans equivalent to $2.27 billion with external commercial borrowings (ECBs), for which it has approval from the Reserve Bank of India (RBI). As part of this process, the company replaced the corporate debt restructuring (CDR) loan facility with a new debt facility of about Rs 9,100 crore on commercial terms from similar group of
In 2013-14, Rural Electrification Corporation (REC)
plans to raise about Rs 35,000-37,000 crore from domestic as well as foreign sources. It may be recalled that the leading state-run infrastructure finance company in the power sector mopped up Rs 31,000 crore in 2012-13. Of the Rs 35,000-37,000 crore that the firm plans to raise in 2013-14, about Rs 5,000 crore may be raise
There are mainly three reasons. First and the most immediate one is government departments are not paying in time. For instance, NHAI dues are aggregating upwards of Rs 25,000 crore. Some are disputed and others are not. If you ask NHAI they will deny any payments are due, but that is not the [right] answer. The government will need to be practical, in that somebody has done the work and money has been spent.
As with all ideas that promise (relative) speed, simplicity and quality, Engineering, Procurement and Construction (EPC) has caught on quickly.The order books of the over 150 players in the arena are bulging, and there is increased interest in this sector from experienced foreign players who have made their India foray, new to the sector Indian conglomerates as well as pan-Indian infrastructure developers.
Going forward, a 25-28 per cent growth is envisaged in the cold storage industry. Even so, it will be a while before prices are arrested, exports of cold storage commodities take off, and indeed, before a heady rush of private participation is a reality, say the industryâ€™s practitioners and best experts.