Monday, June 15, 1998
Centre plans to route NRI, FDIs into shelter fund
The BJP-led government plans to route NRI and FDI investments into a shelter fund proposed under the national housing policy (NHP) now being drafted by the government. A similar risk fund is also being planned which will have contributions from central/state governments and housing finance institutions (HFIs).
Vajpayee may rope in RP Goenka in bid to smoothen relations with Japan
RPG group patriarch RP Goenka is all set to play the role of an economic diplomat. Stung by the tough stand taken by Japan following the nuclear blasts, the government has sought to cash in on Goenka's goodwill with the Japanese government and business community to soften the blow.
Ministry frames norms to egg FIs fund hydel plans
The Union ministry of power has chalked out a series of policy guidelines to encourage financial institutions (FIs) to take up funding of hydel-power projects. In order to hedge the construction risks involved in setting up these projects and ensure returns to investors after the agreed scheduled date of commissioning, the ministry has proposed that Power Finance Corporation (PFC) should give construction guarantees to cover the risk of construction delay.
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