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
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,...
The new Development Finance Institution (DFI) will be a fairly large entity that will play a key role in the Central Government’s 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...
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.
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.
It-Â¦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.