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LIQUIDITY INFUSION SCHEME
Over 1 lakh guarantees totalling Rs 48,484 cr issued under ECLG scheme since May 5: FinMinThe Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has seen over 1 lakh guarantees issued, totaling Rs 48,484 crore in just one month. ...
Weakening currency: RBI weighs measures including rate hike to stabilise rupeeThe Reserve Bank of India is exploring multiple options to stabilize the rupee, which recently hit a fresh low. These include a potential i...
RBI mulls all options, including rate hike, as rupee slumpsThe Reserve Bank of India is exploring all avenues to steady the rupee. Options include raising interest rates and currency swaps. Official...
InGovern asks directors of 7 listed Tata firms to push for listing of Tata SonsInGovern Research Services urged directors of seven listed Tata Group firms to advocate for Tata Sons' public listing. Citing RBI's 2026 re...
Discoms owe Rs 1 lakh crore to power generating firms till February: Power Minister RK SinghThe order mandates NLDC (National Load Dispatch Centre) and RLDC (regional load dispatch centres) to dispatch power only after it is intima...
APP alleges TANGEDCO demanding heavy discounts from IPPs, seeks power minister's interventionEarlier in May, the government had announced Rs 90,000 crore liquidity infusion scheme for discoms to pay off power generating firms (genco...
Tamil Nadu government puts eligibility criteria for payment of pending power duesTamil Nadu, the biggest defaulter in power bills payments, was recently sanctioned ₹31,000 crore under the Centre's Atmanirbhar Bharat liqu...
Discoms liquidity infusion: Tamil Nadu tops chart of states with Rs 30,000 crore sanctioned loanThe southern state is followed by Uttar Pradesh and Maharashtra, with their state discoms being sanctioned loans of Rs 20,940 crore and Rs ...
Loans worth Rs 1.18 lakh crore sanctioned under discom liquidity package"The company and its subsidiary REC Ltd, upto October 31, 2020, has sanctioned an amount of Rs 1,18,273 crore respectively under this schem...
Tamil Nadu gives guarantee, budgetary support for Rs 30,230 cr liquidity loansThe state has issued administrative orders for unconditional and irrevocable government guarantee and commitment letters from finance depar...
Rs 1.08 lakh crore worth loans sanctioned under discom liquidity package"Till date, REC and PFC (Power Finance Corporation) have sanctioned Rs 1.08 lakh crore and released nearly Rs 30,000 crore to discoms under...
Tamil Nadu seeks Rs 31,000 cr under Atmanirbhar Bharat to pay power billsThe state ranks lowest in the country's discoms ratings and is among the large defaulting power consumers. It hasn't raised its tariffs in ...
Power Ministry asks plants to charge late fee at less than 12% per annum“In general, the applicable rate of Late Payment Surcharges (LPS) is quite high despite the fact that interest rates in the country have so...
CCEA extends liquidity infusion scheme to cover discom dues till June 30Currently, banks and financial institutions can lend only 25% of a discom’s revenue in the previous year for working capital.
PFC & REC to offer 10-year loans to state discoms at 9.5%A senior government official said that PFC and REC have fixed interest rates under the liquidity package at 8.75% for three-year loans, 9% ...
Rs 90,000 crore scheme in offing for power companiesThe loans are sought to be made available to Power Finance Corp (PFC) and REC Ltd, the two sectoral lending institutions in Indian power se...
Mutual fund AUM rises 7.4% to Rs 26.33 lakh crore in OctoberThe 44-player industry logged an assets under management (AUM) of Rs 24.5 lakh crore in September-end, according to data from the Associati...
NHB infuses Rs 10,000 cr to increase fund flow in housing sector: Finance MinistryNational Housing Bank is making available a liquidity infusion facility of Rs 10,000 crore for housing finance companies as additional liqu...
- RBI infuses over Rs 4,00,000 cr in last 4 months
The Reserve Bank on Tuesday said it has infused over Rs 4,00,000 crore into the system through series of monetary easing measures taken sin...
- RBI may not cut CRR further: Finmin official
The Reserve Bank may not cut CRR, mandatory deposit requirement for banks, further in the immediate future and may opt for other instrument...