Tuesday, December 20, 2011

Plan panel proposes liberal bank exposure regulations for fund-starved UMPPs

A high-level working group in the Planning Commission has proposed a special bank lending dispensation for ultra mega power projects (UMPPs), considering the high debt component of these capital-intensive projects. It has said the Reserve Bank of India's (RBI) prudential norms for UMPPs could be more liberal considering their relatively high fund requirements............

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