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Ministry wants RBI to undo Chinese loan facility to power sector
Reserve Bank of India (RBI) received a request from the union heavy industries ministry to withdraw the permission for external commercial borrowings (ECBs) denominated in Chinese currency, for power plants. The ministry fears that availability of long-term, low interest export credit from China will further distort the status in favour of Chinese manufacturers
Reserve Bank Of India, RBI, External Commercial Borrowings, Ecbs, Power, Sector, Generation, Project, Manufacturing, Finance, Funding, Investment, Loan, Equipment, China
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Ministry wants RBI to undo Chinese loan facility to power sector
Reserve Bank of India (RBI) received a request from the union heavy industries ministry to withdraw the permission for external commercial borrowings (ECBs) denominated in Chinese currency, for power plants. The ministry fears that availability of long-term, low interest export credit from China will further distort the status in favour of Chinese manufacturers
Reserve Bank Of India, RBI, External Commercial Borrowings, Ecbs, Power, Sector, Generation, Project, Manufacturing, Finance, Funding, Investment, Loan, Equipment, China
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A mixed bag
Our company welcomes the Finance Minister’s recommendations for economic recovery, spurring growth, removing bottlenecks and promoting Public Private Partnerships. The extended tax incentives, the decision to allow ECBs
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A mixed bag
Our company welcomes the Finance Minister’s recommendations for economic recovery, spurring growth, removing bottlenecks and promoting Public Private Partnerships. The extended tax incentives, the decision to allow ECBs
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