A central bank ban on Indian banks buying new issues of infrastructure bonds has handicapped Prime Minister
Elected in May, Modi has made heavy infrastructure investment and construction of affordable housing for all by 2022 key elements of a reform agenda aimed at getting
Meeting the housing goal alone would need investment of at least
Faced with those funding needs, the government in mid-July encouraged banks to issue bonds to fund infrastructure by exempting these bonds from reserve requirements, in order to enable them to extend cheaper loans to the cash-starved sector.
Most Popular Stories
- Scholarships Offered for Hispanic Heritage Month
- Boeing Succeeds in Early Wooing of China Airline Startups
- Latin America Seeks Ways to Add Value to China Exports
- EU Finance Ministers Discuss Investment Plan
- Steve Ballmer Files Six-Figure Counterclaim vs. Steve Gordon
- IS Releases New Beheading Video
- Detroit Bankruptcy: Pivotal Progress in Trial's Second Week
- Will Apple's Digital Wallet Conquer the Card Swipe?
- Apple Reportedly Spent $100MM for Free U2 Album from iTunes
- Olive Garden's Breadsticks Targeted by Activist Investor