https://www.taxtmi.com/news?id=15192 Second extension of the Indian Development and Economic Assistance Scheme continues concessional Lines of Credit to developing countries for five years, with yearly budgetary provision by the Department of Economic Affairs for Interest Equalisation Support to lending banks covering existing and new LoCs. Project selection involves MEA diplomatic vetting and a Standing Committee review, followed by External Affairs Minister recommendation and DEA/Finance Minister sanction; LoCs are operated through Exim Bank or another approved lending agency, with recipient sovereign guarantees and government-provided IES and further guarantees to the lending bank. en-us Wed, 18 Nov 2015 16:13:25 +0530 Wed, 18 Nov 2015 16:13:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15192 Second extension of the Indian Development and Economic Assistance Scheme continues concessional Lines of Credit to developing countries for five years, with yearly budgetary provision by the Department of Economic Affairs for Interest Equalisation Support to lending banks covering existing and new LoCs. Project selection involves MEA diplomatic vetting and a Standing Committee review, followed by External Affairs Minister recommendation and DEA/Finance Minister sanction; LoCs are operated through Exim Bank or another approved lending agency, with recipient sovereign guarantees and government-provided IES and further guarantees to the lending bank. News - Wed, 18 Nov 2015 16:13:25 +0530 https://www.taxtmi.com/news?id=15192