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The Reserve Bank of India (RBI) has permitted non-banking finance companies operating as Infrastructure Debt Fund (IDF-NBFCs) to raise money through external commercial borrowings (ECBs). These borrowings will be subject to a minimum tenor of five years, and IDF-NBFCs are prohibited from sourcing the ECB loans from the foreign branches of Indian banks, as stated by the RBI in communication to the companies. The aim was to enable IDF-NBFCs to play a more substantial role in financing the infrastructure sector and to bring the relevant regulations into harmony. The revised framework includes the withdrawal of the requirement for a sponsor for the IDFs, and it makes the tripartite agreement optional for Public Private Partnership (PPP) projects. Previously, IDF-NBFCs were mandated to enter into a tripartite agreement with both the dealer and the project authority for investments in PPP infrastructure projects that involved a project authority
Match the following-
The Karbi Youth Festival is primarily celebrated in which Indian state?
What is the name of the new species of blind fish discovered inside Meghalaya cave?
Who among the following is known as the 'Missile Man of India'?
. _______ has hosted the two days 54th meeting of SAARC programming committee.
In August 2024, which country hosted the 12th East Asia Summit Economic Ministers Meeting?
Lending money and collection of the principal and interest are classified on the statement of cash flows as investing activities.
Rajasthan is the largest producer of which crop?
Who among the following received the ‘Kalinga International Literary Award’ 2017?
Who among the following was awarded by “Pen Pinter Prize”?
