The Insurance Regulatory and Development Authority (IRDA) decided to exclude lending by insurance firms to housing finance companies as exposure to the finance sector. In a statement, the insurance regulatory body said these loans would be henceforth treated as funding to the hous
Tag: infrastructure
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Govt extends JNNURM term by 2 years
The Ministry of Urban Development, Government of India extended the period of JNNURM by 2 more years for completion of ongoing projects or reforms. It has further approved sanctioning of new projects upto March 31, 2014 as a transitional phase. JnNURM completed its normal tenure of 7 years on March 31, 2012
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Govt may relax ECB norms
After holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB), media reports indicate. Under the ECB route, borrowers can raise dollar-denominated loans directly from international banks, international capital markets, multilateral financial institutions such as International Finance Corporation and
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Govt may relax ECB norms
After holding consultation with Indian companies, especially in the infrastructure sector, the government may relax guidelines for accessing funds through external commercial borrowing (ECB), media reports indicate. Under the ECB route, borrowers can raise dollar-denominated loans directly from international banks, international capital markets, multilateral financial institutions such as International Finance Corporation and
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Mormugao Port takes steps to attract diversified cargoes
Mormugao Port Trust is taking steps to attract cargoes other than iron ore in order to ramp up its revenue, which took a hit following the decline in iron ore export. Over 80 per cent of the total traffic at the port consisted of iron ore export cargo till the mining ban in Goa affected shipment of the raw material
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Shreyas to launch 2 new shipping services
Shreyas Shipping and Logistics Ltd would launch two new services from August 15 in order to connect Mundra-JNPT-Hazira and Kolkata-Vizag-Chennai-Kochi sectors. With this, the Mumbai-based shipping firm would become the first company to link all key ports of India for containerised trade. Shreyas now has five vessels pro
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Govt to promote affordable housing via novel scheme
Union Minister of Housing and Urban Poverty Alleviation Girija Vyas informed that the government would soon launch the Revised Affordable Housing in Partnership (AHP) scheme. The minister said this while addressing the REALTY 2013, Confederation of Indian IndustryÂ’s (CIIÂ’s) flagship con
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Govt awards Rs 205-cr contract to Pratibha Industries
The Public Health Engineering Department of Rajasthan government awarded a Rs 205 crore contract to Pratibha Industries for water supply scheme to 161 villages of Phagi Tehsil in Jaipur under Bisalpur Dudu Phagi Water Supply Project. The infrastructure major is scheduled to complete work on the project in 30 months from date of commencement, Prati
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Steel sector holds bright prospect: SAIL chief
Speaking to a leading newspaper, CS Verma, Chairman of Steel Authority of India (SAIL) said the Indian steel sector holds bright prospect going forward. He hinted that demand for steel may increase in the country as the government has given thrust to investment in key infrastructure sector during the 12th five
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Experts urge govt to revamp tariff regime for major ports
Experts and industry watchers feel that the government must revamp the tariff structure governing major ports in the country and make them market-driven rather than being regulated by Tariff Authority for Major Ports (TAMP). Industry players and experts suggest the government to reform the tariff regime in the port sect