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Union Budget proposes number of measures to enhance the sources of capital for infrastructure financing
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....nion Budget proposes number of measures to enhance the sources of capital for infrastructure financing <br>Budget<br>Dated:- 5-7-2019<br><BR>Union Budget proposes number of measures to enhance the sources of capital for infrastructure financing Credit Guarantee Enhancement Corporation to be set up in 2019-20 An action plan to deepen the market for long term bonds to be put in place A Credit Gua....
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....rantee Enhancement Corporation is to be set up in 2019-20. This was announced by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today. The Finance Minister further said that we recognize that investment-driven growth requires access to low cost capital. It is estimated that India requires investments averaging ....
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....₹ 20 lakh crore every year (USD 300 billion a year). The Finance Minister further added that a number of measures are proposed to enhance the sources of capital for infrastructure financing, which are as follows; * A Credit Guarantee Enhancement Corporation for which regulations have been notified by the RBI, will be set up in 2019-20. * An action plan to deepen the market for long ter....
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....m bonds including for deepening markets for corporate bond repos, credit default swaps etc., with specific focus on infrastructure sector, will be put in place. * To permit investments made by FIIs/FPIs in debt securities issued by IDF-NBFCs to be transferred/sold to any domestic investor within the specified lock-in period.<BR> News - Press release - PIB....