https://www.taxtmi.com/news?id=15198 The revised framework authorises senior ministers, with prime ministerial approval, to accept bilateral assistance from additional countries and establishes special loans for capital intensive and special projects subject to conditions: substantial minimum annual assistance from a partner, a requirement that a significant portion remain as normal untied loans, procurement preferences for funding country and Indian suppliers with ownership and sourcing caps, a switch to international competitive bidding if responses are inadequate, capped annual interest and extended tenor with moratorium, project cost eligibility floors, and state concurrence for state implemented projects; the Finance Minister may relax conditions. en-us Thu, 19 Nov 2015 09:32:00 +0530 Thu, 19 Nov 2015 09:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15198 The revised framework authorises senior ministers, with prime ministerial approval, to accept bilateral assistance from additional countries and establishes special loans for capital intensive and special projects subject to conditions: substantial minimum annual assistance from a partner, a requirement that a significant portion remain as normal untied loans, procurement preferences for funding country and Indian suppliers with ownership and sourcing caps, a switch to international competitive bidding if responses are inadequate, capped annual interest and extended tenor with moratorium, project cost eligibility floors, and state concurrence for state implemented projects; the Finance Minister may relax conditions. News - Thu, 19 Nov 2015 09:32:00 +0530 https://www.taxtmi.com/news?id=15198