SBI chief seeks new financial products to fund infra sector

Last Updated: Sunday, November 24, 2013, 15:53

With lenders experiencing stress on their infra loan books, the head of country's largest bank SBI has called for a need to introduce new products to finance the long-gestation projects, including refinancing the loans every five years.

Infra cos pay over $1 bn in finance, interest costs in H1

Last Updated: Sunday, November 24, 2013, 13:44

India's major 10 infrastructure companies have together paid out more than USD 1 billion towards finance and interest costs during the first half of fiscal, resulting in huge dents in margins in some cases.

'Cut imports, revive infra investment to restore growth'

Last Updated: Sunday, November 24, 2013, 13:32

Slashing imports, augmenting exports and reviving investment in key infrastructure sectors by offering them tax breaks will help turnaround the economy and bring growth to over 7 percent, an Assocham panel has said.

Govt to firm up plans for Infrastructure Trust Fund soon

Last Updated: Tuesday, November 19, 2013, 21:26

The Finance Ministry is firming up plans for a new Infrastructure Trust Fund aimed at accelerating the flow of long-term investments in various projects.

Bank finance to infra sector surges to 13.4%: Report

Last Updated: Sunday, October 27, 2013, 13:24

Amidst growing concern of lenders' asset liability mismatch, an HDFC Bank report says the share of bank funding to the infrastructure sector soared to 13.4 percent in FY'13 from a meagre 1.6 percent of the total credit thirteen years ago.

Govt to finalise plans for infra trust fund in a month

Last Updated: Sunday, October 20, 2013, 15:05

The Finance Ministry is likely to put in place within within a month the modalities for a new structure, Infrastructure Trust Fund, to accelerate the flow of long-term funds into various projects in areas such as power, roads and ports.

Eight core sectors grow by 3.7% in August

Last Updated: Monday, September 30, 2013, 19:12

Eight infrastructure industries posted a 7-month high growth rate of 3.7 percent in August on the back of good performance by power, cement, steel and fertiliser sectors.

CCI reviews progress on infrastructure projects

Last Updated: Tuesday, September 17, 2013, 21:06

The Cabinet Committee on Investment Tuesday reviewed the progress on infrastructure projects worth about Rs 1.6 lakh crore and discussed ways to overcome hurdles that are delaying them.

India welcomes Chinese investments in infra sector

Last Updated: Monday, September 16, 2013, 14:39

With huge trade imbalance in favour of China, India Monday strongly pitched for market access and invited Chinese investments in infrastructure sector to address the deficit.

CCI clears Rs 1.83 lakh crore projects in Infrastructure

Last Updated: Tuesday, August 27, 2013, 10:41

The projects cleared across various infrastructure sectors include 18 in the power sector, entailing Rs 83,773 crore investment besides 18 others in sectors like Road, Railways, Petroleum and Natural Gas.

CCI for speeding up clearances of 36 infra projects

Last Updated: Monday, August 26, 2013, 21:46

The Cabinet Committee on Investment has decided to ask ministries concerned to clear expeditiously as many as 36 infrastructure projects stuck due to delay in sanctions, sources said.

Infra sector to face huge shortfall of professionals: Report

Last Updated: Sunday, August 11, 2013, 14:57

The infrastructure sector is likely to face shortage of a whopping 3 million professionals by 2022, which is likely to have an adverse impact on project delivery and cost, a survey has said.