Calendar

August 2017
SunMonTueWedThuFriSat
 << < > >>
  12345
6789101112
13141516171819
20212223242526
2728293031  

Announce

Who's Online?

Member: 0
Visitor: 1

rss Syndication

Aug242013

06:44:31 am

Finance Ministry seeks cabinet nod for stuck infra projects








RBI allows non-bank Islamic finance firm






"You have to understand that once the regulatory clearances come, it will take around six months to have some actual ground level movement," an executive director with a state-run bank said. "And banks will not disburse further until there is some development." Banks have so far disbursed 51,546 crore to the 20 identified big-ticket projects. Since April, the finance minister has held review meetings with bankers and promoters in all major cities on the issue. The ministry has also directed banks to take up the concerns in their state-level banker committee meetings for better co-ordination among themselves and the state governments.







Wharton-Habitat Housing Finance Course at Asia-Pacific Housing Forum






One in eight still lives in a slum in the region; so there is tremendous scope for collaboration between governments, businesses and civil society to improve the situation," said Rick Hathaway, Vice President for Asia-Pacific, Habitat for Humanity International. He added: "The traditional approach to tackling poverty housing by simply building more homes is one dimensional and limiting. Solving the problem requires addressing affordability of housing finance, climate change and disaster resiliency, land rights inequality, infrastructure planning, basic services provision, sustainable livelihoods, and adoption of green solutions. These are touch points that will be up for discussion at the forum." Among the confirmed participants are key policy makers, business titans, and thought leaders from humanitarian agencies and research institutions. They include Jejomar Binay, Philippine Vice President; Alicia Bala, Deputy Secretary of ASEAN; Senator Loren Legarda, member of Philippine Senate; Henry Cisneros, former US Housing Secretary and Founder/Chairman of CityView; Nestor Espenilla, Deputy Governor, Bangko Sentral ng Pilipinas; Mr.








Finance Ministry seeks cabinet nod for stuck infra projects

RBI's attitude towards the sharia-compliance concept is yet to be tested," said Shariq Nisar, director of research and operations at Mumbai-based Taqwaa Advisory and Shariah Investment Solutions. Running a sharia-compliant financial institution under Indian regulations is still difficult and other firms are likely to stay on the sidelines pending the success of existing schemes before deciding to join in, he added. Islamic equity and venture capital products have attracted little demand in India and NBFCs could face the same fate, said Nisar. "NBFC business overall has been declining over the years." The RBI issued guidelines for NBFCs in June, cracking down on debt issuance by an industry that relies heavily on capital markets to fund its business but has faced less regulatory oversight than banks.




Admin · 7 views · Leave a comment
Categories: First category

Permanent link to full entry

http://kyegmberlyoj.sosblogs.com/The-first-blog-b1/Finance-Ministry-seeks-cabinet-nod-for-stuck-infra-projects-b1-p97.htm

Comments

No Comment for this post yet...


Leave a comment

New feedback status: Published





Your URL will be displayed.


Please enter the code written in the picture.


Comment text

Options
   (Set cookies for name, e-mail and url)