≡ Menu

Cabinet Committee on Investment: Latest News & Videos, Photos about Cabinet Committee on Investment | The Economic Times

While the governor did not want to dilute the RBI’s role in supporting growth over the medium-term, we think today’s communication makes it clear that India’s central bank is not willing to risk its battle against inflation. The RBI’s policy statement subtly hints at a potentially larger role for the government in reviving growth, as it flags the role… more. Reliance Industries has flagged excessive delays in getting regulatory approvals for five key oil and gas projects worth $7.5 billion to the special cell of Prime Minister-led cabinet committee on investment. Reforms are needed in India to facilitate the turnaround from growth deceleration due to structural bottlenecks, deteriorating investment and a worsening current account deficit, says a new Asian Development Bank (ADB) report. “Supply and policy obstacles have seen growth decelerate and investment and industrial output slump, with the stasis compounded… more. We expect the credit profiles of Indian corporates to gradually recover in the latter half of fiscal 2014 and that should boost the fortunes of banks, as well. The government recently announced steps that could improve the operating environment for the corporate sector. These include: formation of a Cabinet Committee on Investment to push large investment… more. India Ratings has maintained an overall negative outlook for Indian infrastructure projects for 2013, considering project companies’ continued weak credit profiles. However, some sub-sectors have a split outlook. The outlook for power projects remains negative while certain pockets in the transportation sector have a stable outlook. The agency observes… more. Cabinet Committee on Investment (CCI), which was expected to fast-track stranded projects, particularly in the energy sector, could not resolve differences between the ministries of oil and defence, which has held up 39 exploration blocks, but gave them a deadline to resolve the issue.
Source : Click Here

{ 0 comments… add one }

Leave a Comment