Subsidised credit from the government and the RBI has not proved to be a sustainable source in the past. Moreover, the bond market in India is still awaiting reforms.
PM Narendra Modi calls on long-term global investors to invest in infrastructure in India, and says the country will have a multiplier effect on development and growth across the world.
Deepak Parekh, Chairman of HDFC Ltd, India's largest housing finance company, was the guest at ThePrint's Off the Cuff. In a conversation with Editor-in-Chief...
In an address to the CII, Das stressed the need for alternative sources of infra financing, and pushed for early completion of FTAs with US, UK and EU.
ICMR’s Covid programme has proved to be a flag-bearer of Atmanirbhar Bharat as we have worked in close coordination with the domestic healthcare industry to make India self-sufficient in testing.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
Finance Minister announced a plan for the setting up of a Development Finance Institution (DFI) to mobilise funds amounting to ₹111cr (151.5bn). DFIs have been around since IFCI in 1948 to offer long-term financing to the industrial and infrastructural sector. Once wielders of exclusive powers as providers of finance, their role has declined.
Since the liberalisation of the 90s and growing burden of NPAs, the Narasimham Committee Report had recommended that DFIs ought to be converted to a bank or NBFC. DFIs are vulnerable to governmental support and the dispensation’s electoral obligation.
The Union Budget proposes a statutory sanction to the DFI and even a guaranteed paid-up capital of ₹10,000cr ($1.3bn). What may seem like a last-ditch effort to re-instrumentalise liquidity in the development market will need a low-cost low-tail source of funding. In any case, the potential remains.
If insurance and pension funds are deployed in infrastructure projects, would it not be a risk for people who are in the evening of their lives, if these projects tank, and money gets stuck in half done projects? Our infra projects are very costly on account of corruption, and fudging of costs to allow bribes at every level.
The idea is good. But because of the corrupted bank officials the entire system will be failed. In addtion to providing finance, based on market survey before garnting finance, the instution should also arrange for marketing the productes in internal and internatinal market at reasonable/ profiable price. If it was arranged there is no cause for NPA. For this the financial institution should use the services of agri specialist, economic advisors, statistic , marketing specialist. If it was done India will become supre power within 2025 under leader ship of Modiji.
DFInitely, maybe!
Finance Minister announced a plan for the setting up of a Development Finance Institution (DFI) to mobilise funds amounting to ₹111cr (151.5bn). DFIs have been around since IFCI in 1948 to offer long-term financing to the industrial and infrastructural sector. Once wielders of exclusive powers as providers of finance, their role has declined.
Since the liberalisation of the 90s and growing burden of NPAs, the Narasimham Committee Report had recommended that DFIs ought to be converted to a bank or NBFC. DFIs are vulnerable to governmental support and the dispensation’s electoral obligation.
The Union Budget proposes a statutory sanction to the DFI and even a guaranteed paid-up capital of ₹10,000cr ($1.3bn). What may seem like a last-ditch effort to re-instrumentalise liquidity in the development market will need a low-cost low-tail source of funding. In any case, the potential remains.
If insurance and pension funds are deployed in infrastructure projects, would it not be a risk for people who are in the evening of their lives, if these projects tank, and money gets stuck in half done projects? Our infra projects are very costly on account of corruption, and fudging of costs to allow bribes at every level.
The idea is good. But because of the corrupted bank officials the entire system will be failed. In addtion to providing finance, based on market survey before garnting finance, the instution should also arrange for marketing the productes in internal and internatinal market at reasonable/ profiable price. If it was arranged there is no cause for NPA. For this the financial institution should use the services of agri specialist, economic advisors, statistic , marketing specialist. If it was done India will become supre power within 2025 under leader ship of Modiji.