Investment Firms May Get FDI Push
To boost foreign investment, the government is likely to allow foreign direct investment (FDI) `investment companies’. The finance ministry and the reserve bank of India (RBI) feel the same.
To boost foreign investment, the government is likely to allow foreign direct investment (FDI) `investment companies’. The finance ministry and the reserve bank of India (RBI) feel the same.
Govt readies Rs 50k-cr war chest
The government is planning to set up a special dedicated fund to provide loans to infrastructure project-roads, airports power plants or ports – being developed by private companies as well as by government-private joint ventures.
The proposed fund -around Rs 50000 cr.
The proposed fund may be operated through either of two infrastructure funding agencies –IDFC or the Indian infrastructure finance company (IIFCL).
The government is planning to set up a special dedicated fund to provide loans to infrastructure project-roads, airports power plants or ports – being developed by private companies as well as by government-private joint ventures.
The proposed fund -around Rs 50000 cr.
The proposed fund may be operated through either of two infrastructure funding agencies –IDFC or the Indian infrastructure finance company (IIFCL).
The future development:
Expressway 1000km
Roads/highways
Six-lane roads-6500 km in golden quadrilateral
Four lane roads-6736 km in north east, 12109 in the rest of country
Two lane roads-20,000 km in golden quadrilateral
Ports-485 mt new capacity in major ports, 345 mt new capacity in minor ports
Airports-new air ports: 3 in north east, 7 elsewhere
Modernization: 4 metro airports and 35 non metro
Power-78000 mw: Additional generation capacity
Electricity connection: to all rural households
Infra companies may get easier access to foreign loans
RBI has made it tougher for banks to ‘restructure’ loans, forcing the real estate sector to cut house prices.
Obama announces new team to tackle economic crisis
Introducing the five-member team at a press conference in Chicago, Obama said he sought leaders who share his fundamental belief that "we cannot have a thriving Wall Street without a thriving Main Street".
Expressway 1000km
Roads/highways
Six-lane roads-6500 km in golden quadrilateral
Four lane roads-6736 km in north east, 12109 in the rest of country
Two lane roads-20,000 km in golden quadrilateral
Ports-485 mt new capacity in major ports, 345 mt new capacity in minor ports
Airports-new air ports: 3 in north east, 7 elsewhere
Modernization: 4 metro airports and 35 non metro
Power-78000 mw: Additional generation capacity
Electricity connection: to all rural households
Infra companies may get easier access to foreign loans
RBI has made it tougher for banks to ‘restructure’ loans, forcing the real estate sector to cut house prices.
Obama announces new team to tackle economic crisis
Introducing the five-member team at a press conference in Chicago, Obama said he sought leaders who share his fundamental belief that "we cannot have a thriving Wall Street without a thriving Main Street".
Malegaon Blast: Sadhvi Alleges Torture
Mumbai, Nov 24: In a setback to Mumbai Anti-Terrorism Squad in Malegaon blast case, a MCOCA court here on Monday rejected the agency's plea for granting it the custody of accused Sadhvi Pragya Singh Thakur, Lt Col Prasad Purohit and Ajay Rahirkar after they alleged physical torture and threat to strip and kill them.
India Is Nowhere Near Recession
NEW DELHI: Finance Minister P. Chidambaram on Monday asserted that despite the global meltdown, India, unlike many other global economies, would continue to grow at 7.9 % this fiscal and would be the second fastest growth rate globally
Thiruvananthapuram (IANS): India is aiming to send a manned mission into the space after the success of its first unmanned mission to the moon, Indian Space Research Organisation (ISRO) Chairman G. Madhavan Nair said here on Sunday.
A mission to study the solar system from the earth's orbit is also part of the plan.
A mission to study the solar system from the earth's orbit is also part of the plan.
US Govt Agrees To Bail Out Beleaguered Citi
The US federal government agreed on Sunday night to rescue Citigroup Inc. by helping to absorb potentially hundreds of billions of dollars in losses on toxic assets on its balance sheet and injecting fresh capital into the troubled financial giant.
The agreement marks a new phase in government efforts to stabilize US banks and securities firms.
Citigroup is one of the world’s best-known banking brands, with at least 20
0 million customer accounts in 106 countries.
The agreement marks a new phase in government efforts to stabilize US banks and securities firms.
Citigroup is one of the world’s best-known banking brands, with at least 20
0 million customer accounts in 106 countries.-Radhika Shukla
ACM 22
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