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MF Industry's new initiative
- The mutual fund industry has implemented issuance of consolidated accounts statement (CAS) to its investors.
- This is an investor-friendly initiative to allow investors a single-window view of all their transactions in Mutual Funds
FIIs can invest more in G-secs, corporate bonds
- The Finance Ministry on Thursday increased the investment limit for foreign institutional investors (FII) in government securities (G-secs) and corporate bonds by $5 billion each
- The FIIs can now invest up to $15 billion in G-secs and $20 billion in corporate bonds
- The investment limit in long-term infrastructure bonds, however, has been kept unchanged at $25 billion.
- The decision, which was taken after a review of the macro—economic situation, would enhance capital flows and make additional financial resources available to the Indian corporate sector
Neemrana's second Japanese enclave is in the works
- A second phase of the successful Japanese Zone at Majarakath in Neemrana in Alwar district of Rajasthan is to be developed in the National Capital Region (NCR).
- A number of medium and small Japanese industries have evinced keen interest in investing in Rajasthan
- With the gas line having reached Neemrana, quality captive power at a lower cost would be possible.
- a hub under the Delhi-Mumbai Industrial Corridor (DMIC) near Neemrana, under development now, would give a fillip to both the existing Japanese zone and the proposed one. Mr. Agarwal invited Japanese investment in the proposed infrastructure projects in the DMIC hub.
Slow reforms, lack of funds hurting infrastructure growth: S&P
- S&P has said that the government has stepped up infrastructure spending in recent years, but a slow pace of reforms and a lack of long-term funding options were constraining the sector's growth.
- India's inadequate infrastructure is a major roadblock to the country's target of achieving a 9-9.5 per cent annual growth in 2012-17
- Constraints in securing clearances, land rights, and long-term funding could cause companies to fall short of their targets
- The country's power deficit is fuelling demand for energy projects, while rapid industrialisation and urbanisation are creating an urgent need for efficient road and rail network and other improvements in infrastructure
- The XII Plan focuses on removing some of these roadblocks and creating a sustainable framework for private sector participation.
