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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
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A spent 25% of his monthly income on study and 70% of the remaining on rent. If amount spent on rent is Rs. 2016, then find the amount spent on study
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Z spends 60% of his salary and saves the remaining. After his salary is increased by 30%, he saves 55% of the increased amount besides the amount he use...
A man donated 10%, 20% and 15% of his income to three NGOs ‘A’, ‘B’ and ‘C’, respectively. They spent 75%, 80% and 50% of respective sums re...
Amit scored 80 marks in subject X. He scored 60% marks in subject B and Y marks in subject D. Maximum marks in each subject was 300. The overall percent...
