The formation of PDCs will look at large projects that will be built across two to three countries in Africa. Yaduvendra Mathur, Chairman and Managing Director, Export Import Bank of India,
FlashNews:
Ceinsys Tech Wins ₹1.15 Billion MMRDA Contract for Real-Time Infrastructure Monitoring Platform
Siemens Secures ₹7.73 Billion Contract for Nagpur Metro’s Advanced Signalling and Telecom Systems
DFCCIL Launches India’s First Private Gati Shakti Cargo Terminal on Western Freight Corridor
India Clears Elon Musk’s Starlink for Satellite Internet Rollout
GAIL, OIL Extend 15-Year Gas Supply Pact for Rajasthan Fields
Invest in IREDA Bonds to Support India’s Green Energy Transition and Save Tax
India Invites Feedback on Oil & Gas Reforms Ahead of Landmark OALP Round X: Hardeep Singh Puri
₹50 Billion Boost for Northeast Waterways; Kaladan Project to be Operational by 2027: Sonowal
Tata Sons’ Chandrasekaran Outlines Energy Transition Runway Amid Group’s Moment of Reflection
CII President Rajiv Memani Offers Blueprint for a Competitive Viksit Bharat
JSW Paints to Acquire Majority Stake in Akzo Nobel India in ₹89.86 Billion Deal
India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
Whoever controls Antariksha (outer space) will rule Prithvi (the world)”: Dr. Subba Rao Pavuluri
Electricity futures key to managing power price volatility”: NSE’s Sriram Krishnan
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
More coordination on global monetary policy sought
RBI Governor Raghuram Rajan made a case for more coordination in monetary policies by different central banks to deal with the spillover effect on emerging markets. He said that central banks should reinterpret their domestic mandate to take into account other country reactions over time, and thus become more sensitive to spillovers.
Foreign investment inflow to double
Foreign investment in the Indian economy is expected to more than double, with inflows from both foreign direct investment and foreign institutional investors set to surge above $60 billion in the current financial year, compared with the $29 billion in 2013-14, an ASSOCHAM note has projected.
JLL: Reaction To RBI Policy Rate Announcement – Anuj Puri
Anuj Puri - Chairman & Country Head, JLL India says that it has been clear that over the last few months, the RBI been looking for the right circumstances to bring down the repo rate. However, it is also clear that it still perceives a threat of inflation going up again in the near future. As such, the RBI is clearly without choices in the matter. The least it could do to remain equitable to all business sectors was to keep the repo rates on hold, which it has done.
IDFs are the best route to refinance existing projects
Sadashiv Rao, Chief Risk Officer, IDFC Ltd tells Rahul Kamat that IDF-NBFC is a safer route compared to IDF-Mutual Fund, as in the latter, the fund manager can invest in any project (under construction) which will have risk involved in it, and investors may not like to invest in high-risk projects.
Advantage infrastructure
A wide range of projects and facilities are granted the status of infrastructure projects under the new Companies Act, 2013. Prachi Manekar elaborates on the benefits from the new Act for the infrastructure projects.
Provisioning norms eased on loans for low-income housing
Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH)is established by government of India to cover advances provided for low income housing.
RBI grants QCCP status for CCIL
Qualified central counterparty (QCCP)status granted by RBI to Clearing Corporation of India Ltd (CCIL) in the Indian jurisdiction.
Taking stock: Domino effect – Too late to stop?
Is the worst over for infrastructure? The fact that this question lingers is perhaps testimony to the uncertainty that prevails. Unrealistic bids, bureaucratic slowdown, social groundswell, coal scam, mining scam ... the list of factors that has created seemingly unstoppable negativity seems daunting. The government mainly the Prime Minister´s Office had to repeatedly intervene to address frustratingly sticky problems confronting the infrastructure sector.
Recovery or Illusion?
Industry observers have promptly branded the growth in some of the core sectors in the second quarter as ´encouraging´ and ´first signs of recovery´ for the infrastructure sectors.