BANKS, FIs TO FUND RAILWAYS' PROJECTS AT 13%
Article Abstract:
Indian Railways can now avail loans from leading financial institutions (FIs) and banks for their projects at a concessional interest rate of 13 percent. FIs and banks have agreed to contribute 75 percent of the total cost of the project. Indian Railways has agreed to the risk cover condition stipulated by FIs and banks. It plans to set up special purpose vehicles (SPVs) for raising bank loans for new projects. These SPVs will start repayment of principal and interest amount once the project starts earning dividends. (gs)(vr)
Comment:
Indian Railways can now avail loans from leading financial institutions (FIs) and banks for their projects at a concessional interest rate of 13 percent.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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`INDIAN GREEN MARBLE WORLD'S BEST BUT NOT THE PROCESSING'
Article Abstract:
The Director of the International Marble Institute, Mr Paolo Marone, has rated the Indian green marble as the world's best. Mr Paolo Marone has stated that the processing and mining technology in India require upgradation. India exports its granites and marbles mainly to Italy. The country's granite sector is growing at 10 percent per annum. Mr Paolo Marone has opined that the granite sector in India has big potential. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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