(iv) Bank guarantee:There is a view that developers furnish a bank guarantee to the extent of the maximum difference between the earlier and current premium. Since the original concession agreement did not impose the submission of any bank guarantee for the premium, bank guarantees for the increm...
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More bank credit will soon flow to build infrastructure in the country with the Reserve Bank of India (RBI) on Tuesday reducing the level of provision against substandard loans to the sector from 20 per cent to 15 per cent. The central bank’s decision to treat annuities and toll collection...
Number of withdrawals in SB accounts is restricted to 150 per financial year, including the withdrawals through ATM. If the number of withdrawal exceeds this, no interest will be paid for the account and the bank may charge for each withdrawal over and above the permitted number. In SB ...
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The new tide of national sentiment born in Bengal rose to inundate India in every direction, and “Bande Mataram” (“Hail to Thee Mother”) became the Congress’s national anthem, its words taken from Anandamath, a popular Bengali novel by Bankim Chandra Chatterjee, and its music composed ...
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Adult males and non-gravid female tiger shrimp from the wild were procured from the East coast of India and kept in the quarantine facility of the Muttukadu Experimental Station (MES) of Central Institute of Brackishwater Aquaculture, 35 km south of Chennai. These shrimp were checked for the ...
The official added that earlier they used to keep toll income for maintenance of highways and repaying loan tranche to Asian Development Bank but later this practice was stopped. NHAI awards projects on two Public-Private Partnership (PPP) modes. One is BOT (annuity) and the other is BOT (...
For instance, on a 25-year period road project, if the developer is allowed to collect toll revenues for 25 years, then the bank has a repayment schedule for 22 years. “Earlier, banks were constrained to draw up an amortisation schedule for a period of 12-15 years. This resulted in hi...