Kolkata-based loss-making Visa Steel has said that the lenders of the company in its Joint Lenders Forum (JLF) meeting held on September 22 have decided to invoke Strategic Debt Restructuring (SDR).
Tag: Reserve Bank of India
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SEZs in Limbo
In order to push the growth engine of the country, the National Democratic Alliance (NDA) Government has taken the initiative of pushing the country´s manufacturing sector through the ´Make in India´ campaign.
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5/25 scheme may benefit projects with stable cash flows
We must understand project finance in the traditional sense. Project finance works only when all material approvals for a particular project are in place and the same is then handed over to a successful bidder like the bidding for UMPP was done in India. The bidder can then straightaway proceed for financial closure. This will ensure there are no time and cost over-runs on account of delay in approvals.
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We are planning to formulate a Renewable Energy Act
We are planning to formulate a Renewable Energy Act as currently, all the electricity activities come under the Electricity Act, 2003. The new Act will not only help in streamlining many aspects like power generation, supply and tariff, but will also assist in attracting investments.
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Powering India Green
Increasing energy demand, climatic change, government initiatives and abundant untapped natural resources have been the key drivers behind the country´s movement towards renewable energy.
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RBI may ease debt recast rules
Prime Minister Narendra Modi´s ´Make in India´ initiative may come to the rescue of an industry that has its fate closely tied to economic cycles - shipbuilding.
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Solar panel costs will be part of home loans
According to a plan being prepared by the Ministry of New and Renewable Energy, lending agencies would offer home loans with the provision of additional sanction of payment if customers want to install rooftop solar power panels.
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SBI seeks flexibility in lending rules by RBI
The State Bank of India (SBI) has urged the Reserve Bank of India (RBI) to allow flexible lending rules including restructuring loans given to existing projects in line with revised cash flows available for debt refinancing
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India has the capacity to fund projects more than Rs.1 lakh crore annually
In a candid interview, finance veteran Arun Purwar, Chairman of IndiaVenture Advisors Pvt Ltd & PHL Finance, suggests that since the bond market is deep enough to take care of funding requirements of infrastructure projects, the government must encourage infrastructure fund raising through the bonds.
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We want to be part of Indias industrial growth
In an exclusive interview, Luis-Miguel GutiTrrez, Office Director, KfW IPEX-Bank GmbH shares details on the bank´s growing interests in funding Indian infrastructure. Recently, Germany has shown interest in investing in the $90 billion Delhi-Mumbai Industrial Corridor (DMIC).