The government remains committed to rolling out systemic interventions to ensure the necessary action on the proposed divestment and asset monetisation programmes, says Dr. TV Somanathan, Secretary Expenditure, Ministry of Finance, Government of India. Click here to read more
Tag: Ministry of Finance
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DFI to deliver long term-economic returns
As a development finance institution (DFI), the National Bank for Financing Infrastructure and Development (NaBFID), will facilitate cheap capital for public works programmes and projects, says Vinayak Chatterjee, Chairman, Feedback Infra Group & Chairman, Confederation of Indian Industry (CII), National Council on Infrastructure. Like the DFIs created by policymakers in the 1950s for making industrial capital accessible,...
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DFI to create financing ecosystem for infra projects
The new Development Finance Institution (DFI) will be a fairly large entity that will play a key role in the Central Governmentās strategy to facilitate the creation of a robust financing ecosystem for infrastructure projects in the country. Simultaneously, the government also remains committed to rolling out systemic interventions to ensure the necessary action on...
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Committees on digital payments submit recommendations
A committee had been constituted by the Department of Economic Affairs, under the Chairmanship of Ratan P Watal, former Finance Secretary and Principal Adviser, Niti Aayog, in August 2016 to review medium term measures necessary to promote digital payment systems in the country. This Committee on Digital Payments has recommended structural reforms in the payment ecosystem, including amendments to the Payment and Settlement Systems Act, 2007.
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ICRA launches new credit rating system for infrastructure
Rating agency ICRA Ltd has announced the countryĆās new credit rating system for the infrastructure sector, in line with the announcement made in the Budget 2016 document.
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India signs agreement with World Bank for Eastern DFC
A Guarantee Agreement for World Bank (IBRD) lending of $650 million to the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL) for the Eastern Dedicated Freight Corridor-III (EDFC-III) Project has been signed between the Government of India and the World Bank in the national capital.
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India and ADB sign $80 million loan agreement
The Asian Development Bank (ADB) and the Government of India signed an $80 million loan agreement to continue improving infrastructure in two North Eastern State Capital cities.
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There is no explicit government guarantee but we are hundred percent government owned
It-ĆĀ¦s a very relevant point since $1 trillion is required for infrastructure spending as estimated by the 12th Five Year Plan and you need long-term low-cost funds. Clearly, the major supplier of those, the public sector banks historically, are not going to be able to fill this requirement.
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Govt to award 10,000 km of NH for development
The major policy initiatives of MoRTH in recent past are as follows:
Exit Policy: The cabinet recently allowed private developers to exit all operational BOT projects two years from start of operations.
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NHAI to issue tax free infrastructure bonds
Government has allowed National Highways Authority of India (NHAI) to issue Tax Free Infrastructure Bonds aggregating to Rs 24,000 crore and Capital Gain Tax Exemption Bonds aggregating to Rs 4,000 crore in the financial year 2015-16.
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