Infrastructure Sector Current Affairs, GK & News
The Union Budget 2020 was presented by the Finance Minister Shrimati Nirmala Sitaraman. The budget was presented under three themes namely Aspirational India, Economic Development and Care Giving. The Economic Development includes industries, commerce and manufacturing. The Finance Minster referred to words Sreni (Guilds) and Seti (Wholesale Merchants) from Harappan Civilization seals. This proves that ..
Category: Economy & Banking Current Affairs
Reserve Bank of India (RBI) has liberalised norms governing external commercial borrowings (ECBs) for infrastructure creation. The provisions have been reviewed and decision has been taken in consultation with Central Government. Key Facts RBI has reduced minimum average maturity required for the ECBs in the infrastructure space raised by eligible borrowers to three years from ..
Union Government is going to launch Rs.500 crore Credit Enhancement Fund (CEF) in July 2018 to facilitate infrastructure investments by insurance and pension funds. The CEF provides additional source of assaurance or gaurantee that borrower will service their loan. It also helps borrower to raise loans at lower interest rates. The fund was first announced ..
Month: Current Affairs - June, 2018
The National Investment and Infrastructure Fund (NIIF) has signed a MoU with Qatar Investment Authority (QIA) for facilitating investment in India’s infrastructure. Objective of MoU: Facilitate QIA to study investment opportunities in India’s infrastructure sector in order to enable both sides to decide on joint investments. The MoU has been signed for a period of ..
Month: Current Affairs - June, 2016