Arab Today, arab today india allows infrastructure debt funds
Last Updated : GMT 13:48:07
Arab Today, arab today
Arab Today, arab today

India allows infrastructure debt funds

Arab Today, arab today

Arab Today, arab today India allows infrastructure debt funds

New Delhi - Arabstoday

India\'s central bank will allow banks and financial companies to set up infrastructure debt funds to attract investments into building roads, ports and power plants in Asia\'s third-largest economy. Banks and finance companies with a minimum net worth of Rs3 billion (Dh223.3 million) will be eligible to set up infrastructure debt plans as mutual funds, the Reserve Bank of India said in an emailed statement. India, which the World Economic Forum ranks below war-ravaged Ivory Coast for the quality of its infrastructure, wants to double spending on public work projects to $1 trillion (Dh3.67 trillion) in the five years to 2017. The South Asian nation is losing about 2.5 percentage points in growth a year from regulations and approval requirements that deter investment in roads, ports and power generation, Credit Suisse Group AG estimates. Banks setting up such funds would have to adhere to existing rules including limits on their investments in financial services companies, and in equities and bonds. The finance minister in his budget speech for the current fiscal year had announced the setting up of infrastructure debt funds.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india allows infrastructure debt funds Arab Today, arab today india allows infrastructure debt funds

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today india allows infrastructure debt funds Arab Today, arab today india allows infrastructure debt funds

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday