The Kerala govt has decided to levy tolls on the roads built under KIIFB, attributing it to the Union government’s decision to the body’s borrowings under state limits.
The risk of foreign currency borrowing can be minimised if govt and RBI stick to FRBM Act and inflation-targeting frameworks. A Public Debt Management Agency also needs to be set up.
Kerala is the first local government to sell an offshore rupee-denominated bond & will list Rs 21.5 billion of Masala bonds on the London Stock Exchange Friday.
The RBI has ensured that the rupee is stable which has given international investors the confidence to buy Indian assets including masala bonds, said a portfolio manager.
ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.
Bengaluru-based CeNS designs accurate, portable, and cheap sensor using surface-enhanced Raman spectroscopy. It could significantly reduce risks at vulnerable choke points.
From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.
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