360° Coverage : India seeks 'special windows' for infrastructure...

11 Updates
India seeks 'special windows' for infrastructure development
Photo Credit: , Getty Images

India seeks 'special windows' for infrastructure development

Oct 11 2013, 11:48pm CDT | by IANS

Washington, Oct 12 (IANS) India wants industrialised countries to devise "unconventional development financing," including creation of special windows, for ensuring finance in support of infrastructure development in emerging markets.

Washington, Oct 12 — India wants industrialised countries to devise "unconventional development financing," including creation of special windows, for ensuring finance in support of infrastructure...

Filed under: news

YouTube Videos

 
 
 

45 weeks ago

India seeks 'special windows' for infrastructure development

Oct 11 2013, 11:48pm CDT | by IANS

Washington, Oct 12 (IANS) India wants industrialised countries to devise "unconventional development financing," including creation of special windows, for ensuring finance in support of infrastructure development in emerging markets.

Washington, Oct 12 — India wants industrialised countries to devise "unconventional development financing," including creation of special windows, for ensuring finance in support of infrastructure development in emerging markets.

Investment, particularly in infrastructure, can play critical role in sustaining the global recovery and rebalancing, Finance Minister P. Chidambaram said at a meeting of G20 Finance Ministers and Central Bank Governors here Friday

"Larger investments in infrastructure in emerging markets will increase the potential of these countries to grow more rapidly in the medium run and will also contribute to a much needed global demand in the short run," he said.

Chidambaram recalled Indian Prime Minister Manmohan Singh had suggested at the St Petersburg Summit that if industrialised countries can put to use unconventional monetary policies, "we need to show the same innovativeness in devising unconventional development financing".

Special windows need to be created in the World Bank and other Multilateral Development Banks' (MDBs) for ensuring finance in support of infrastructure development, he said.

These should include provision of finance for ongoing projects which face a sudden scarcity of funds owing to volatile capital flows, he said, and access to this window should be beyond the normal country limits, which otherwise introduce inflexibility.

The aim should be to create mechanisms which can increase the flow of infrastructure financing at times when other investments are slowing down, Chidambaram said.

He also suggested having a greater involvement of the IFC in infrastructure financing to help catalyse private sector flows into the sector.

Chidambaram welcomed the proposal to set up a new and dedicated financing facility called the Global Infrastructure Facility at the World Bank to serve the financing needs for infrastructure, particularly in emerging and developing economies.

India, he said would like to see the detailed proposal for its establishment with specific timelines by the December Deputies meeting.

G20 is well placed to coordinate various stakeholders including governments, especially the ones that have large surpluses, the private sector, and multilateral development banks, for investment in developing countries, Chidambaram said.

The minister suggested doing so "through innovative ways to recycle global savings and development of viable strategies that overcome the presumed hurdle of 'lack of enabling environment' for infrastructure investment."

IANS

Source: IANS

 
Update
11

2 days ago

Father and friends

Aug 20 2014 10:55am CDT | Source: Business Standard

Thanks to the huge explosion of uninformed opinion, no other prime minister has had to bear so much hate and, worse, ridicule as Manmohan Singh. How did his family react to this tsunami of abuse, jokes and eve ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
10

3 days ago

Manmohan Singh immune as PM, not as FM: US court

Aug 20 2014 12:00am CDT | Source: Business Standard

US District Judge ruled that Manmohan Singh was entitled to "residual immunity" even after he ceased to be the prime minister ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
9

4 days ago

Same difference

Aug 18 2014 10:39am CDT | Source: Business Standard

Of the two prominent blue-turbaned invitees at the President's At Home one was former prime minister Manmohan Singh, who sat in a VIP enclosure out of bounds for the media, and the other was Montek Si ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
8

6 days ago

Manmohan Singh joined pre-medical course, backed out: Daughter

Aug 17 2014 1:55am CDT | Source: Business Standard

Manmohan Singh had joined a pre-medical course as his father wanted him to become a doctor but pulled out after a couple of months, losing interest in the subject, according to a book on the forme ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
7

1 week ago

Ex-CJI Balakrishnan pushed for elevation of corrupt judge: Katju

Aug 11 2014 1:27pm CDT | Source: HeadlinesToday.in

In his blog, PCI chairperson Justice Markandey Katju had charged three former Chief Justices of India including YK Sabharwal and KG Balakrishnan of succumbing to the pressure from the then ...
Source: HeadlinesToday.in   Full article at: HeadlinesToday.in
 

 
Update
5

3 weeks ago

No files from PMO went to Sonia, says Manmohan

Jul 31 2014 6:55am CDT | Source: Business Standard

Former prime minister Manmohan Singh Thursday denied that any files were sent from the Prime Minister's Office to Congress president Sonia Gandhi's office as claimed by former par ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
4

3 weeks ago

HDFC Bank Could Make You A Slumdog Millionaire

Jul 29 2014 7:45am CDT | Source: SeekingAlpha

By Mohit Hajarnis:When looking at India from the outside, it seems like a natural growth story: a potential market of 1.2 billion people, a growing middle class, and cheaper labor costs than China. However, India's GDP growth has shrunk to 5.0% in 2013 from 6.2% in 2012 and 9.3% in 2011. The slowing growth is reflective of the cumbersome regulatory environment that India has created: the country has earned the infamous moniker ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
3

3 weeks ago

Katju controversy a 'futile' issue

Jul 27 2014 1:59pm CDT | Source: Business Standard

Former PM Manmohan Singh on Sunday refused to be drawn into the Katju controversy, terming it as a "futile" issue. "It is a futile issue. Soli Sorabjee also spoke on it. I don't need to comment" he said.He was responding to a quest ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
2

4 weeks ago

Corrupt judge charge: Manmohan Singh should clarify, says Venkaiah

Jul 23 2014 1:29am CDT | Source: Business Standard

Parliamentary Affairs Minister M. Venkaiah Naidu on Wednesday said that former Prime Minister Manmohan Singh should clarify whether he acted under pressure or not on the allegations of "improper compromises" made by three former chief justices of . ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

4 weeks ago

Manmohan Singh needs to answer judiciary corruption issue raised by Katju: BJP

Jul 22 2014 2:35am CDT | Source: Business Standard

Bharatiya Janata Party (BJP) leader and spokesperson Mukhtar Abbas Naqvi on Tuesday said former Prime Minister Manmohan Singh needed to issue a clarification on the issue of corruption in the judiciary raised by former Supreme Court judge J ...
Source: Business Standard   Full article at: Business Standard
 

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Pamela Anderson boycotts ALS Ice Bucket Challenge
Los Angeles, Aug 23 (IANS) Actress Pamela Anderson has refused to take the Ice Bucket Challenge, benefiting the ALS Association.
 
 
Cheers! Rule of thumb can control drinking
New York, Aug 23 (IANS) Did you ever try using a rule of thumb such as a half-glass rule or a two-fingers-from-the-top rule when pouring wine? Do this if you want to keep your weight in check.
 
 
Serotonin can reduce sensitivity to pain
Lisbon, Aug 23 (IANS) Researchers at Portugal's Champalimaud Foundation said Friday that the molecule of serotonin in the organism can diminish sensitivity to pain.
 
 
Pomegranate peel may cure deadly brain disorders
London, Aug 23 (IANS) Do not throw that pomegranate peel in the garbage bin. In the near future, it may be a source of drugs for two incurable diseases that affect the elderly.
 
 
 

Latest from the Network

My children know they are lucky: Julianne Moore
Los Angeles, Aug 23 (IANS) Actress Julianne Moore's children may be privileged to be growing up in a famous household, but they do not take it for granted. The actress, who is married to director Bart Freundlich, has...
Read more on Celebrity Balla
 
Pamela Anderson boycotts ALS Ice Bucket Challenge
Los Angeles, Aug 23 (IANS) Actress Pamela Anderson has refused to take the Ice Bucket Challenge, benefiting the ALS Association. Celebrities like Lady Gaga, Tom Cruise and Mickey Rourke took the challenge, which aims...
Read more on Celebrity Balla
 
Clarke doubtful for tri-series opener
Harare, Aug 23 (IANS) Australian captain Michael Clarke has suffered a hamstring injury and could miss the tri-series opener in Zimbabwe, also involving South Africa, starting Monday in Bulawayo. Clarke picked up the...
Read more on Sport Balla
 
LaBeouf encountered stalker at home, called police
Los Angeles, Aug 23 (IANS) Actor Shia LaBeouf called 911 after coming face-to-face with an intruder at his home here. A woman who'd been stalking him for week was right at his door. Tmz.com reports that the police...
Read more on Celebrity Balla
 
James Gunn praises 'superhero' Dave Bautista
'Guardians of the Galaxy' director James Gunn says Dave Bautista's superhero-like strength was a godsend on set. Bautista rose to international fame through the WWE, before making the transition to the world of cinema...
Read more on Movie Balla
 
Nick Cannon calls it quits
Los Angeles, Aug 23 (IANS) Actor-rapper Nick Cannon has reportedly decided to end his marriage with singer Mariah Carey for the sake of their children. The two married in 2008 and have twins. Tmz.com reports that...
Read more on Celebrity Balla
 
Nick Cannon seems depressed?
Nick Cannon is ''depressed'' over his split from Mariah Carey. The 'America's Got Talent' host, whose shares three-year-old twins, Monroe and Moroccan, with his estranged wife, is said to be very upset despite...
Read more on Celebrity Balla
 
Sofia Vergara is being tortured in the gym
Sofia Vergara claims she is being tortured in the gym ahead of the Emmy Awards. The 'Modern Family' star has intensified her workouts with her personal trainer, Jennifer Yates, as she wants to look in tip-top shape at...
Read more on Celebrity Balla
 
Kate Moss undergoes chilly fat burning treeatment
Kate Moss has been using a Cryotherapy chamber. The 40-year-old supermodel recently went on a break to the LifeCo retreat in Turkey, which she visits several times a year, and during her detox, she was immersed in...
Read more on Celebrity Balla
 
Paul Stanley found strength by opening up
Paul Stanley found strength when he opened up about being bullied as a child. The KISS rocker - who was born with a deformed right ear and suffers from deafness as a result - was subjected to years of taunts by his...
Read more on Celebrity Balla