Although banking sector stress may have 'bottomed out', as he puts it, India's infrastructure sector remains vulnerable to risks, both inherent and external. Corporate restructuring should not be thrown out the window as a solution for problems that are extraneous to a project.
Rather than having viability problems, infrastructure projects are typically Â“front-endedÂ”, so it is often the mismatch between the lending and the projectÂ’s revenue-making tenures that lead to an increased likelihood of restructuring, says Arundhati Bhattacharya, MD & CEO of SBI Capital Markets in an interaction with Sumantra Das.
Finance Minister P Chidambaram informed Rajya Sabha that the government would take an early decision on the proposal to set up a National Investment Board (NIB) under Prime Minister Manmohan Singh. The board is intended to expedite clearances for mega projects. A proposal is under consideration for constitution of a Cabinet committee with Prime Minister as ch
Political expediency has gained such a powerful grip on cabinet decisions that even valuable ones often tend to be victims of political spin in our mainstream media: News channels and newspapers excitedly report Â“differencesÂ” within the government based on constructively critical notes exchanged between ministries. In the case of the one on the recently proposed National Investment Board (NIB), however, the diffÂerences between the Minister for Environment and Forests, the Finance Minister and t