Infrastructure problems
ICICI Bank Ltd’s sale of 10-year infrastructure bonds worth about Rs 3,900 crore that insurers and pension and mutual funds (MFs) rushed to buy on Tuesday is likely to open the floodgates for banks trying to raise money to finance high-cost and long-gestation projects such as roads, ports and power plants. At least five other [...] Continue Reading »
Infrastructure sector is likely to be affected by the RBI decision to award the IDFC a full-fledged banking license, as it has been facing a slowdown already and the company was a leading an integrated infrastructure finance player ,as told by the State Bank of India (SBI), the country’s largest lender. Arundhati Bhattacharya, SBI chairperson [...] Continue Reading »
The Uttar Pradesh chief minister Mayawati has written a letter to the Prime Minister of India Manmohan Singh on the prevailing bad condition of roads in the national highways throughout the city in Lucknow. This approach is very interesting since the UP chief minister has used the technology wherein a DVD footage of the condition [...] Continue Reading »
