Indian companies may have to spend more to raise short-term funds via commercial papers as liquidity tightens further and government borrowings of similar tenure increase, analysts said. Short-term rates, which have been edging higher since the Reserve Bank of India started raising rates last year, have already hit their highest level in over four years … Read more
National Bank for Agriculture and Rural Development (NABARD) has projected a credit potential of Rs 36,292 crore for the state of Assam for the financial year 2022-23. NABARD launched the State Focus Paper today for the financial year 2022-23 which is the consolidation of exploitable district wise realistic potential, both in physical and financial terms … Read more
The Reserve Bank of India has proposed minimum 11.5% capital for the four all India financial institutions (AIFI) in line with Basel III framework to raise their resilience in periods of stress. The stricter capital norms would be applicable to Exim Bank, National Bank for Agriculture & Rural Development, National Housing Bank and Small Industries … Read more
Prime Minister Narendra Modi on Monday said there is a need for a “post-harvest revolution” in the farm sector, which has been witnessing an increase in production. Modi said the hardworking farmers have made record production of commodities despite the unprecedented challenges of the COVID-19 pandemic. “With the ever increasing agricultural production, there is a … Read more
Nabard has sanctioned Rs 254 crore to Odisha under Rural Infrastructure Development Fund (RIDF) for setting up of two mega piped drinking water supply projects, official sources said. The two mega projects will come up in Jajpur district (covering Badachana and Dharmasala blocks) and Puri district (covering Brahmagiri and Krushnaprasad block). These projects are expected … Read more
National Bank for Agriculture and Rural Development (Nabard) on Tuesday reported a 24 per cent growth in its balance sheet to a record high of Rs 6.57 lakh crore in the financial year ended on March 31, 2021. In the financial year 2019-20, its balance sheet stood at Rs 5.32 lakh crore. “In FY 2020-21, … Read more
NEW DELHI: Private investment, which has been muted for a long time, will start trickling in once the overall capacity utilisation in the system goes beyond 75 per cent that, in turn, will help unleash ‘animal spirits’, CII President Uday Kotak said on Wednesday. The COVID-19 pandemic gave a shock to capacity utilisation and as … Read more
Guwahati: National bank for agriculture & rural development (NABARD)Assam in consultation with State Government has identified 46 Primary Agricultural Co-operative Societies (PACS) for a financial assistance under Agri- Infra Fund. This fund was formally launched Prime Minister of India on August 9, 2020. As a part of the Government of India’s major agri-sector reforms, this … Read more