Infrastructure developers and development finance companies cheered the Reserve Bank of India's (RBI) move to cut policy repo rate in its third quarter review of monetary policy. Infrastructure developers urged banks to pass on the cut in policy rate to borrowers and thereby reduce the cost of funding
Tag: Policy
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Investment by PE, VC funds decline in 2012
Private Equity and venture capital funds invested $7.6 billion across 415 deals in 2012, which is a fall of 21 percent from the year-ago period of $9.6 billion, global consultancy firm Ernst & Young said. The decline in the investment is mainly because of a significant fall in infrastructure sector investments $2.3 billion invested in 2011, compared with $774 million in 2012
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Ministry works on coal bed methane policy
Union Minister for Petroleum and Natural Gas Veerappa Moily informed reporters that his ministry is in the process of revising the coal-bed methane policy introduced in 1997 in order to suit present conditions. He said the ministry would discuss with the coal ministry in this regard. Meanwhile, Moily said his ministry would be putting befo
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Urbanisation policy on the anvil in West Bengal
Real estate industry in West Bengal is keenly awaiting the release of the proposed urbanisation policy in the state. The industry hopes that the upcoming urbanization policy would solve the problems surrounding land issues in West Bengal
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Govt finalises changes in STP policy
Maharashtra government finalised several changes to the existing policy for the Special Township Project (STP) scheme. The modified policy increases the contribution of the builder to low-cost housing to 20 per cent of the total built-up area from the current level of over 10 per cent. It may be recalled that over six years ago, the state gove
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli
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RBI may soon release final norms on bank licences
Anand Sinha, Deputy Governor of the Reserve Bank of India (RBI) informed media persons that the central bank would soon release the final guidelines on new banking licences. He said this while speaking to reporters on the sideli
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Ministry to take shale gas policy before cabinet
Noting that India has the potential to exploit shale gas, Union Oil Minister M Veerappa Moily informed that the proposed policy shale gas would be taken before the cabinet for approval soon. He also said that the shale gas policy that his ministry was working on was a positive and forward-looking one. Shale gas is an important source and potential of oil world over,
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WB govt seeks national policy on iron ore
In order to ensure even distribution of raw materials for steel industry across states in the country, the West Bengal government demanded a national policy on iron-ore, on the lines of the coal policy from the centre. Call for such a policy comes while the steel industry, particularly the secondary players, in the state, face prob
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Large funds must be attracted to bonds
A committee appointed by Reserve Bank of India (RBI) said called for encouraging large institutional investors such as pension funds, provident funds, insurance companies, etc. to invest in bonds floated by bank