Tuesday, July 19, 2011

Revive development finance institutions

At a recent meeting between the Finance Minister, Mr Pranab Mukherjee, chairman of public sector banks and officials from the Reserve Bank of India, the latter had mooted the idea of allowing insurance and pension funds to invest in the infrastructure sector. Reserve Bank Deputy Governor, Mr. K. C. Chakraborty had observed that commercial bank loans for road, port, airport and power sector projects were at levels which could not be increased much further..........

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