World Bank and Asian Development Bank have agreed to shortly extend USD 2.4 billion (around Rs 12,000 crore) to the state-owned India Infrastructure Finance Company to fund various projects.
The WB and India have
concluded negotiations for loans worth USD 3.2 bn for
recapitalising state-run banks and funding for the India
Infrastructure Finance Company Ltd, a state-run lender to
State-owned infrastructure funding
company IIFCL is aiming to double disbursement of funds for
projects, particularly in highways and power sectors, to Rs
6,000 crore during the current fiscal.
Day in Pics: 22nd September
Showbiz World - September 22, 2014
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