Department of Economic Affairs
Should the FIBB (Foreign Investment Promotion Board) remain with the Ministry of Finance or should the Department of Industrial Policy & Promotion (DIPP) take charge? This is a burning question of immense importance asked by the PMO (The Prime Minister’s Office) to the Cabinet Secretariat, say sources, keeping in mind it is the nation’s only [...] Continue Reading »
Impacting the finances of banks and infrastructure developers, infrastructure development, which should have been funded by the corporate bond market, was done through banks. Krishnan said at a CII event on corporate bond market, “From the first three pillars, the corporate bond market will develop high-grade instruments, whereas the fourth pillar would provide stability to [...] Continue Reading »
The Commerce and Industry Ministry has doubt regarding its proposal for easing FDI rules in railways and construction development sectors will get approval from the Election Commission. There are apprehensions that it may not be possible to attach the EC guidelines of not publicizing a decision taken by the Government while the model code of [...] Continue Reading »
The World Bank and the government of India signed a loan pact on Wednesday as per which USD 175 million will be provided by the multi-lateral lending institution to fund a second highways project in the state of Gujarat. As per a Finance Ministry release, “The loan agreement for World Bank (IBRD) assistance of USD 175 million for second [...] Continue Reading »
New Delhi – NHAI is unhappy with the government’s decision of constructing roads at 20 km a day. As per the National Highways Authority of India (NHAI), the government’s target to construct roads at 20 km a day is not worth as there are too many government agencies involved. As per an NHAI official, there [...] Continue Reading »
