9911796707
TMI BlogUnion Budget proposes number of measures to enhance the sources of capital for infrastructure financingX X X X Extracts X X X X X X X X Extracts X X X X ..... Union Budget proposes number of measures to enhance the sources of capital for infrastructure financing X X X X Extracts X X X X X X X X Extracts X X X X ..... arantee Enhancement Corporation is to be set up in 2019-20. This was announced by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today. The Finance Minister further said that we recognize that investment-driven growth requires access to low cost capital. It is estimated that India requires investments averaging ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ₹ 20 lakh crore every year (USD 300 billion a year). The Finance Minister further added that a number of measures are proposed to enhance the sources of capital for infrastructure financing, which are as follows; * A Credit Guarantee Enhancement Corporation for which regulations have been notified by the RBI, will be set up in 2019-20. * An action plan to deepen the market for long te ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rm bonds including for deepening markets for corporate bond repos, credit default swaps etc., with specific focus on infrastructure sector, will be put in place.
* To permit investments made by FIIs/FPIs in debt securities issued by IDF-NBFCs to be transferred/sold to any domestic investor within the specified lock-in period. X X X X Extracts X X X X X X X X Extracts X X X X
|
