The Hindu Business Line : Tuesday, July 07, 2009

MONEY & BANKING

FINANCIAL INSTITUTIONS: Takeout financing yet to take-off
IIFC to evolve scheme to enhance infrastructure lending. Bangalore, July 6 In a bid to kick-start infrastructure lending, the Union Finance Minister, Mr Pranab Mukherjee, has revisited the idea of takeout financing in the Union ...

INTEREST RATES: Get ready for higher interest rates
Chennai, July 6 A keenly watched item by bankers and others in the debt market is the quantum of government borrowings that are announced in the ...

BUDGET: Banking — No new account
Disappointment over the limited progress on the much-hyped “financial sector reforms” and the soaring fiscal deficit made the BSE Bankex the biggest sectoral loser among the BSE indices on Budget day. Measures such as FDI for ...

FARM CREDIT: Lending a hand for farmers
I now turn to agricultural development.Agriculture has been the mainstay of our economy with 60 per cent of our population deriving their sustenance from ...

FINANCIAL INSTITUTIONS: IIFCL to evolve ‘takeout financing’ scheme for infrastructure sector
To stimulate public investment in infrastructure, we had set up India Infrastructure Finance Company Ltd (IIFCL) as a special purpose vehicle for providing long-term financial assistance to infrastructure projects. We will ensure that IIFCL ...

BUDGET: Interest outflows on MSS seen declining
Bonds become part of regular borrowing. Interest outflows on special securities are estimated to increase 71 per cent over the revised estimates for the previous year. Special securities include deferred subsidy payments and subscription to SBI ...

HOUSING FINANCE: Rs 2,000 cr for rural housing fund under NHB
Mumbai, July 6 Rural housing sector could get a big boost as the Budget has allocated Rs 2, 000 crore to the National Housing Bank’s Fund dedicated to the ...

FARM CREDIT: Debt waiver scheme extended; sop for farmers repaying loans on time
Mumbai, July 6 The Budget has done farmers a good turn. Farmers (owning more than two hectares of land) have been given six months extension till December 31 so that they can pay 75 per cent of their overdues under the Agricultural Debt ...

BUDGET: ‘More income in the hands of people’
The SBI Chairman, Mr O.P. Bhatt, said the Union Budget has been framed in the backdrop of recessionary tendencies in the global economy and slowing down of growth within the ...

DEBT MARKET: Bond prices dip on higher borrowing plan
Mumbai, July 6 Bond prices crashed on Monday after the Government announced a substantially higher borrowing programme in the Budget than what was expected by ...

BUDGET: ‘A positive signal’
The ICICI Bank MD and CEO, Ms Chanda Kochhar, said the growth target of 9 per cent set by the Union Budget is clearly a positive signal especially given the backdrop of weak macroeconomic conditions ...

SHORT TERM INSTRUMENTS: Call rate closes at 3.20-3.30%
Mumbai, July 6 The inter-bank call rate closed at 3.20-3.30 per cent, as against the previous close of 3.25-3.30 per ...