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Narendra Modi government may increase this fiscal’s budget outlay

Secured debentures for up to 30 years to raise funds for the infrastructure sector

Secured debentures for up to 30 years to raise funds for the infrastructure sector
The Modi government wants to provide all the facilities to the infrastructure sector and they have allowed the infrastructure finance companies to issue secured debentures with a tenure of up to 30 years. This move is expected to help in raising long-term funds for the sector. Besides, infrastructure debt fund non-banking financial companies (ID-NBFCs) have [...] Continue Reading »

DIPP pushes for 11-fold increase in budget outlay for DMIC in FY15

DIPP pushes for 11-fold increase in budget outlay for DMIC in FY15
The Department of Industrial Policy and Promotion (DIPP) has urged the Finance Ministry to increase the budget outlay for the prestigious Delhi-Mumbai Industrial Corridor (DMIC) by 11 times – to Rs. 7,478 crore – in FY15. The manifold increase proposed by the DIPP for the FY15 budget outlay for DMIC will give a substantial push [...] Continue Reading »



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