Infrastructure developers are eligible for a tax holiday for 10 years, and the government has permitted a looser interpretation for the benefit of infrastructure. Vishal Shah and Bijal Desai refer to relevant court and tribunal cases and explain the more nebulous of the tax holiday eligibility clauses.
Tag: investment
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Credit ratings: Need for a different rating mechanism
Conventional investment credit ratings-typically lower than desirable for infrastructure projects-constrain financing infrastructure investments in India, says Dhruba Purkayastha. So should the methodology be revisited?
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Infrascape 2012 | Finance: Brewing strain on debt servicing
For us the most active and fruitful sectors in 2011 were road and power sector. These sectors comĂÂprise a majority of our portĂÂfolio. I understand that even in case of commercial banks these two sectors form the majority of their infrastruĂÂcture loan book,
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Telecom sector demands infrastructure status
Telecom operators associations COAI and AUSPI met senior Finance Ministry officials to seek 'infrastructure' status for the sector, a tag which will make access to credit easier for them.
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Infrascape 2012 | Logistics: Manpower shortage will hit the sector
With GST on the threshold of being implemented and government's interest to bring in investments in e-governance and infrastructure projects through public private partnerships (PPPs), this has been a fairly good year for the logistics industry.
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US eyeing Indian infra sector
The US is scouting for a bilateral investment treaty with India eyeing on the huge business opportunities in building India's infrastructure. Given that 80 per cent of the infrastructure of 2030 has yet to be built,
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RBI eases IDF norms for NRIs
The Reserve Bank of India (RBI) has decided to allow eligible non-resident investors to invest, on a repatriation basis, in rupee and foreign currency denominated bonds issued by the Infrastructure Debt Funds (IDFs) set up as non-banking financial companies.
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$75 bn investment in oil & gas sector in 2012-17
India expects Rs 3.90 trillion ($75 billion) to be invested in its oil and gas sector from April 2012 to March 2017. The development plan incluĂÂdes exploration, production, reĂÂfining, marketing, storage,
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Fin Min increases FII limit
The Union Ministry of Finance has decided to increase the current limit of Foreign Institutional Investors' (FIIs) investments in government securities by $5 billion raising the cap to $15 billion.
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Rs 25,000 cr mega infra projects cleared
The government gave regulatory clearances to three mega infrastructure projects involving an investment of Rs 25,000 crore. These are the first among a few projects the government has shortlisted to be put on a fast track.