Slurry pipelines and capital dredging projects would be eligible for concessional loan from banks as the Reserve Bank of India (RBI) brought these sectors under the ambit of infrastructure lending. Besides the above sectors, the central bank also brought telecom and telecommunications services under the infrastructure ambit. This will make loans cheaper to companies in these sectors.
Tag: projects
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CAG report finds fault at AP govt’s PPP contracts
The report of the Comptroller and Auditor General (CAG) of India on the public private partnership (PPP) port projects implemented by the Andhra Pradesh government was tabled in the State Legislative Assembly recently. The report identified some key faults on the part of the state government in designing the contracts
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Tata Group firms mull Rs 700 bn worth projects in 5 yrs
In the next five years, Tata Housing, Tata Realty and Tata Projects would implement projects worth at least Rs 70,000 crore, media reports indicate. In the coming years, various Tata Group companies would participate in sectors such as roads and highways, reports indicate. In 2013-14, these three firms are executing projects worth Rs 15,000-20,000 crore
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RBI relaxes ECB norms for residential developers
Developers and builders who have at least three years' experience in implementing residential projects may avail external commercial borrowing (ECB) for low-cost affordable housing projects. Reserve Bank of India (RBI) reduced the number of years of experience from the existing five years to three years in order to enable more developers to access ECB route
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UN raises concern on PPP projects in India
According to a report by the United Nations (UN), public private partnership (PPP) projects in India do not necessarily lead to improved disaster risk assessment and management, and they may underplay disaster risks or lead to their transfer as shared costs to the public sector or to city residents. The international agency said this in its Global Assessment Report (GAR) on disaster risk reduction. The 2013 GAR study on disaster risk reduction is the third biennial report coordinated by the UN's
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NHPC cautious of clearing cost escalation in projects
Media reports indicate that the National Hydroelectric Power Corporation (NHPC) has been cautious of clearing cost escalation for various hydel projects anticipating adverse comments from the comptroller and auditor general (CAG) of India. NHPC officials are dragging their feet in clearing cost escalations, which is a common trend in hydropower projects, fearing CAG
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272 projects across various sectors face delay
Data released by the Ministry of Statistics and Programme Implementation (MoSPI) shows 272 projects out of a total 558 projects costing at least Rs 150 crore are running late as on March 31, 2013. As many as 59 of these projects reported delays just in March 2013 (additional delay
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyÂ’s support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part
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JICA gets request from TN govt for funding support
At a meeting with the top officials of the Japan International Cooperation Agency (JICA), Tamil Nadu Chief Minister J Jayalalithaa sought the agencyÂ’s support to fund business and infrastructure projects in the state. Akihiko Tanaka, President of JICA met Jayalalithaa in the Secretariat recently. During the meeting, the chief minister is learnt to have asked the president to create a separate line of credit to support private companies part
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Kerala govt to take up Rs100 bn road projects
The Kerala state cabinet cleared the proposed road or flyover projects across the state under an ambitious Rs 10,000-crore programme. The state government would create a Road Development Fund Board to undertake the projects. The board would implement the projects by taking loan, which would be guaranteed by the state government