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FinMin to meet PSU banks tomorrow to review stalled projs

Case by case review of some of the major infrastructure projects would be undertaken by the ministry in presence of senior officers of the ministries of power, steel, transport, shipping and the RBI, an official statement said.

April 27, 2015 / 20:07 IST
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Concerned over rising bad loans in infrastructure sector, the Finance Ministry has called a meeting of heads of public sector banks tomorrow to chalk out a roadmap for clearing bottlenecks that hamper implementation of large projects.

Case by case review of some of the major infrastructure projects would be undertaken by the ministry in presence of senior officers of the ministries of power, steel, transport, shipping and the RBI, an official statement said.

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The Department of Financial Services Secretary Hasmukh Adhia had said recently that "we will be doing segment wise analysis of stalled projects to understand what are the impediments and what kind of policy support is required to facilitate implementation of these large projects.

"Large sized stalled projects of infrastructure sector, including power, surface transport, steel, shipping, would come up for review in the meeting at Mumbai".