Banking & Finance

KfW lends to Indo-German cooperation India and Germany have signed an agreement to formalize an amount up to Euro200 million of loan for ‘Climate Friendly Urban Mobility III’ and Euro11 million for accompanying measures as a grant for four projects....

Finance Ministry clears Rs1.5 lakh crore investment Life Insurance Corporation of India has been cleared to invest Rs.1.5 lakh crore in the railways through bonds issued by the Indian Railway Finance Corporation (IRFC). On November 23, the finance ministry issued...

It notes infrastructure bottleneck The Asian Development Bank (ADB) will raise its funding to US$20 billion during 2018-22 to help accelerate inclusive economic transformation of India. The multilateral project lender has decided to provide loans up to US$4 billion on...

Regulatory clearance sought for investments in litigation Batting for one-time solution for the vexed issue of ‘assured return’ on Private Equity investment, the ASSOCHAM is seeking a meeting between Finance Ministry officials and the global private equity funds so that...

Experts note PPP model on building highways Indian authorities need to modify its Public Private Partnership (PPP) model, ensuring transparency in contractual terms and long-term dividends from contracts for investors to venture into other projects. Investors need clarity and consistency...

Business-oriented reforms recognized The government has welcomed India’s latest rating by S&P Global which asserted business-oriented reforms but affirmed it at BBB-/A-3. Defence Minister Nirmala Sitharaman noted that the rating report appreciated India’s efforts in improving monetary credibility. S&P Global...

ONGC to take 51.11% govt stake in HPCL (Certainly the government is making it easier for both the Oil & Gas and M&A industries. India needs to have its major industries consolidated and match the global MNCs. Editor.) Merger and...

Membership will open new vistas for Indian professionals The Union Cabinet has approved India's Membership for European Bank for Reconstruction & Development (EBRD) which will boost investment opportunities. Department of Economic Affairs will initiate the process to acquire the membership...

Investors urged to participate in Indian prosperity The Indian Government is committed to increasing the public expenditure on infrastructure and creating environment for private participation in infrastructure to boost employment and provide impetus to overall economic growth, stressed Finance Minister...

India to be extremely attractive business place Greater digitization and formalization of the economy will encourage all kinds of start-ups and create an ecosystem both in term of tax incentives and provide capital, Finance Minister Arun Jaitley told Singapore Fintech...