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
Consider the following statements about Cyber Surakshit Bharat Initiative:
1. It is an initiative of the Ministry of Electronics and Info...
Jindal Stainless (JSL), has completed the acquisition of Jindal United Steel (JUSL) by acquiring the remaining 74% stake for________
Recently India has signed a film treaty with which country?
_______ has developed the country's first smartphone-based e-voting solution.
Amit Shah Laid Foundation For ₹ 450 Crore Nano Urea Plant In which state recently?
National Immunization Day is observed every year on?
India’s increased exports to Russia include which of the following technology types?
Which Ministry signed a Memorandum of Understanding (MoU) with the Department of Thai Traditional and Alternative Medicine of the Government of Thailand?
According to the data from the Reserve Bank of India (RBI), the gross non-performing asset (GNPA) ratio pertaining to MSMEs in the scheduled commercial ...
Who is the Minister of Commerce and Industry?