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ADB approves USD 570 million loans for urban projects in Rajasthan, Madhya Pradesh
It further said that through the project, water supply systems in at least eight project towns are expected to improve by 2027, with about 1,00,000 households, including all urban poor households, benefiting from five new or rehabilitated water treatment plants and 1,350 kilometres of distribution networks.
North Eastern Development Finance Corporation Ltd announces new Interest Rate Structure
NEDFi added that the new Interest Rate Structure will...
Some developments in Dhanlaxmi Bank warrant immediate corrective steps: AIBOC to RBI
In a letter written to RBI Governor Shaktikanta Das, All...
BRICS' NDB approves loans for Mumbai Metro, Delhi-Ghaziabad-Meerut RRTS
The USD 241 million loan for the Mumbai Metro Rail II Project will be used for the purpose of implementing a metro rail Line 6 with a length of about 14.47 km in the city of Mumbai. The RRTS will have a total length of 82.15 km (68.03 km elevated and 14.12 km underground) with 25 stations.
Finance ministry comes out with measures to rationalise non-priority expenditure
The ministry has issued the instructions on expenditure management with a view to improving the quality of public expenditure, containing non-developmental spending and ensuring availability of adequate resources for critical priority schemes
Total government liabilities rise to Rs 101.3 lakh cr in Q1: Finance Ministry report
Nearly 28.6 per cent of the outstanding dated securities had a residual maturity of less than five years, it said, adding the ownership pattern indicates a share of 39.0 per cent for commercial banks and 26.2 per cent for insurance companies at end-June 2020.
Asian Development Bank appoints Takeo Konishi as Country Director for India
Konishi succeeds Kenichi Yokoyama who has taken over as Director-General of ADB's South Asia Department and will be based at ADB headquarter in Manila, ADB said in a release.
Former Finance Secretary Rajiv Kumar appointed as new Election Commissioner
Rajiv Kumar will replace Ashok Lavasa on August 31, the Law Ministry mentioned in a notification today. On August 18, Ashok Lavasa had resigned from his post of EC. Lavasa would join the Asian Development Bank (ADB) next month as a vice-president.
Stocks in the news: RIL, Axis Bank, BPCL, Indiabulls Housing, Gati and GMM Pfaudler
Future group firm Future Enterprises reported a fresh default on interest payment of non-convertible debentures (NCDs).
Multilateral funding agency ADB approves USD 3 million grant to India to combat COVID-19
The grant, which is financed by the Japanese government, will be used to procure thermal scanners and essential commodities to strengthen India's COVID-19 response, Asian Development Bank (ADB) said in a statement.
Election Commissioner Ashok Lavasa named as the new VP of Asian Development Bank
Lavasa, who would have retired as the Chief Election Commissioner (CEC) in October 2022, would be the second election commissioner to step down from the poll panel before the completion of his term.
RBI likely to prefer Centre borrowing on States’ behalf for GST compensation
States may face higher interest rates if they go to market directly; Central bank may not want special window as that would amount to monetisation.
BRICS' New Development Bank provides USD 1 billion loan to India to fight COVID-19
The Shanghai-based New Development Bank (NDB) was established by the BRICS (Brazil, Russia, India, China, South Africa) countries in 2014 and is headed by veteran Indian banker K V Kamath. The purpose of the bank is to mobilise resources for infrastructure and sustainable development projects in BRICS countries.
India wants Asian Development Bank to step up lending, private sector operations
Keeping in view the need for a 'Global Development' approach and the long-term perspective of addressing remaining poverty, she said, ADB should expand its quantum and size of lending.
Private banks, IT stocks dominate Jefferies’ 19-stock India model portfolio
“…we believe it's a buy-on-dips market. This constructive view is predicated on continued global liquidity (hence depressed risk-free rate, justifying valuations) and encouraging economic recovery trend,” Jefferies analysts Mahesh Nandurkar and Anubhav Sinha said in a note on Tuesday.