Home > Resources > News > Resources

Resource detail

Title: Govt to provide relief for stressed infrastructure projects soon
Source:The Economic Times
Date:29 October 2013

The Finance Ministry is drawing up a plan to provide relief to the stressed infrastructure sector by completely reworking the way in which bad assets are recognized, giving lenders more leeway to rescue projects and provide a strong push to investment. North Block - as the finance ministry is referred to - hopes to have the regime in place in the next two-three months after consultations with the Reserve Bank of India. The nub of the idea is that an otherwise robust asset that has full paying capacity should not be counted as a bad asset just because it has run into delays. "In our view, we should not treat it as NPA (non-performing asset)," said a senior finance ministry official confirming that government was rethinking the rules to provide relief to stressed sectors, especially infrastructure.




Read more