A recent report by ratings agency Icra said bank credit to infrastructure sector may be affected by the norms of the Basel- III regulation. Credit to infrastructure is long-term in nature, while the deposits of banks is short-term to medium-term. This raises asset-liability mismatch. According to the Basel-III norms, banks must maintain a strict net stable funding ratio (NSFR), which is designed to ensure that long-term assets are funded with
Tag: infrastructure
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TN govt seeks Rs 1 bn for solid waste project
Tamil Nadu Chief Minister J Jayalalithaa informed that her government was expecting Rs 100 crore from the central government for implementing solid waste management system across certain areas in the state. Meanwhile, the state government raised the construction cost of green houses given to its beneficiaries from
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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Govt to clear hurdles in project implementation
The government would clear bottlenecks hindering implementation of over 340 projects, including 125 new projects, Panning Commission Deputy Chairman Montek Singh Ahluwalia informed. These projects are struck mainly because of lack of regulatory clearances, shortage of fuel, land acquisition problem etc. These issues need to be addressed at political levels, he said
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Ministry to meet banks, firms to address stalled projects
It is learnt that the union finance ministry would hold meeting with banks and companies to address the issue of stalled projects. Data available with the finance ministry shows that 215 projects, each with value of Rs 250 crore or more, have been identified as stalled. These projects are mostly financed by
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PM says govt takes steps to revive investment climate
Prime Minister, Manmohan Singh said the government was addressing many impediments affecting the implementation of infrastructure projects in order to revive the investment climate domestically. He said this during his address at the CII National Conference and Annual General Meeting, in
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Cement firms bet big on govt projects ahead of election
Some industry players and analysts feel that demand for cement may rise in the coming months as government expedite key construction projects ahead of Lok Sabha election. VP Sharma, Chief Operating Officer of Dalmia Cement said the oversupply situation still persists but since elections are next year, a slew of measures by the government may turn
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Gujarat govt to clear town planning schemes for Surat
Reports indicate that the Gujarat government has given preliminary approval for 27 town planning schemes in Surat and a final approval would be given soon. The others are in different stages of approval, reports indicate. Reports also indicate that the state government was slow in giving approval for the TP schemes in the city.
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Finance Minister welcomes investment from foreign firms
Finance Minister P Chidambaram welcomed investment from foreign insurance, banking and asset management companies in India. During his visit to Tokyo, Japan, he said these companies have shown keen interest to investment in India and they were welcome. Insurance companies, large asset management com
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CCI clears Rs 740 bn worth investment so far
Since the setting up of the Cabinet Committee on Investment (CCI) in January 2013, mega projects worth a total of Rs 74,000 crore, have been cleared by the body. These projects were stalled because of lack of statutory clearances. Many projects in the oil and gas sector, with a cumulative investment of $13.42 billion, were held up because of of objections raised by the Defe