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IIFCL to get $700 mn ADB infra loan

IIFCL to get $700 mn ADB infra loan

To fund India's infrastructural projects, the Manila-based Asian Development Bank (ADB) will give $ 700 million to the India Infrastructure Finance Company IIFCL) in the next one-and-a-half years. Of the $700 billion, $400 billion would be given to IIFCL by early 2014 and the remaining by early 2015.

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There is no alternative to PPP

There is no alternative to PPP

There are few people in the seats of power who're more convinced about PPP than Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission of India. In a freewheeling interview and a mood for candour,