The Reserve Bank of India on Wednesday laid down the eligibility criteria for non-bank financiers and mortgage lenders to utilize a special liquidity scheme that was approved by the Union cabinet in May. The funds thus received from the sale of securities would be used by the SPV to buy short-term investment-grade papers from eligible NBFCs and HFCs, providing them …
The government has been working on ways to revive the fortunes of Air India, which is estimated to have a debt burden of Rs 55,000 crore. New Delhi: The Union Cabinet on Thursday gave its “ex-post facto approval” for the creation of a special purpose vehicle for the disinvestment of Air India and its subsidiaries and joint ventures, a government …
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