For the RBI, the lessons from the punishing bad loan cycle triggered by infrastructure loans are the reason behind the tighter norms
Rakesh Mohan, Executive Director, IMF said power, telecom and ports were much more suitable for Public Private Partnership (PPP) projects. He said the government had to be clear on which areas of infrastructure needed public investment.
The funding need for building India's infrastructure is large, said a White Paper on Infrastructure Financing by Crisil Ratings and industry body Assocham.
The changes will come into effect from May 29, according to the changes announced today by India Index Services & Products Ltd (IISL), an NSE group firm which manages Nifty and other indices.
The leaders of India Inc feel that the future belongs to India. But the nation however needs to clean up its act, they say. In a one-of-a-kind moment, the stalwarts of Indian industry were brought together on one platform by CNBC-TV18 for the final jury round of the channel’s India Business Leader Awards.
Vikram Limaye, executive director of IDFC is concerned about infrastructure financing due to high interest rates. "We have seen slowdown in new projects," he said.
Bajaj Finserv has reported a strong quarter with income surging to Rs 1300 crore. Sanjiv Bajaj, MD, tells CNBC-TV18 that the company can maintain its margins in the next 2 quarters, but a further hike in interest rate could play spoilsport ahead.
There is a growing fear that the rising oil price may have far dampening effect on Indian market. In an interview to CNBC-TV18, Anand Tandon, CEO, JRG Securities is worried that the oil shock may again deflate the economies fairly significantly.