Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same.
Tag: India
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Civil nuclear pact
India and Japan agreed to speed up talks on a deal to allow Japan to export nuclear plants and to strengthen security cooperation as both countries keep a wary eye on China's military clout.
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PM asks SEBI to support fund flow to infrastructure
Securities and Exchange Board of India (SEBI) received a request from Prime Minister Manmohan Singh to promote infra debt funds (IDFs) in order to boost funding to the infrastructure sector.
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Ministry wants banks to ease land norms for road projects
Banks have been asked by the union finance ministry to disburse loan to road projects developers who have acquired 80 per cent of the required land instead of the existing norm of 100 per cent.
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Govt to introduce new norms for CPSE investment
The government is rationalising and consolidating the existing norms on the investment of excess cash by the Central Public Sector Enterprises (CPSEs). A committee appointed to review the investment norms for CPSEs submitted its report the finance ministry.
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Govt expects 50% infra investment to come from private sector
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).
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NSL raises $5 mn from IFC
To support the development of wind and hydro power NSL Renewable Power (NRPPL), part of the Hyderabad-based NSL Group, has raised $5 million from International Finance Corporation (IFC) through compulsorily convertible debentures (CCDs)
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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.