The draft rules on general anti-avoidance rules (GAAR) prepared by an expert committee chaired by Parthasarathi Shome is sent to the prime minister and a final decision would be taken in 10 days. This information was given by Finance Minister P Chidambaram. The Shome committee suggested that the controversial rules be deferred until 2016-17 and that safeguards be put in place to ensure that taxpayers are not harassed by the rules that seek to deny tax bene
Tag: investment
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Corporate bond issue declines sharply
Fresh bond issuance by companies has dwindled sharply in the last few months because issuers are delaying their fund raising plan expecting Reserve Bank of India (RBI) to cut policy rate going forward.Also, expectation of tax-free bonds flooding the markets from November has also reduced fresh issuance by companie
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Cabinet clears $1 tn infra investment plan
Union Minister for Urban Development and Parliamentary Affairs Kamal Nath informed that the cabinet has approved an expenditure of $1 trillion in the next five year
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Assam road project gets $320 mn loan from World Bank
World Bank agreed to lend $320-million for improvement and development of some of the roads in Assam
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Minister hopes RIL would comply with audit
Union Petroleum Minister M Veerappa Moily expressed hope that Reliance Industries (RIL) would comply with the audit by Comptroller & Auditor General (CAG
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Ministry to protect govt interest in RIL issue
Union petroleum ministry said it would continue to protect the government's interest in all force in the matt
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Cabinet may clear 2 port projects
Union Shipping Secretary PK Sinha informed that the cabinet may clear two new port projects, one in Sagar Island (West Bengal) and Ramyapattanam (And
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Innovative means to infra finance
Over the past few years, the government has changed its policy strategy from establishing institutions to creating mechanisms. Innovative methods can unlock financial potential better for the infrastructure sector, writes Dhruba Purkayastha. The much-hyped one trillion dollar investment required for infrastructure sector in India has been publicised well by the government as a huge investment opportunity.
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IDFs are yet to take shape in the country
It would be purposeful for taking steps towards simultaneously developing IDF and bond market, says SK Goel, Chairman & Managing Director, IIFCL, Infrastructure Debt Funds (IDFs) are yet to take shape in the country as the infrastructure bond market is in its nascent stage. Till infrastructure bond market develops, IDFs may not find adequate avenues for investment and on the contrary till IDFs evolve, the infrastructure bond market may find it difficult to attract sufficient investments.
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PPP and water management still don't jell
Private players have been shying away from PPP in water management due to lack of transparency in the system, longer gestation of return on investment and above all RoI is much lower compared to other infrastructure projects. With upsurge in economic activities and rapid growth in urbanisation, proper water management system has to be in place. According to a recent PwC report, almost 590 million people are expected to live in Indian cities by the year 2030.