Category:

Policy

Cabinet likely to take up proposal for Credit Guarantee Enhancement Corp soon

India requires an investment of whopping Rs 111 lakh crore in infrastructure over the next five years to sustain a healthy economic growth, according to the report of the Task Force on National Infrastructure Pipeline (NIP).

To meet the huge funding requirement, Credit Guarantee Enhancement Corporation would be one of the tools for mobilising funds for infrastructure development, sources said.

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Govt gets ready to infuse Rs 10,000 cr of fresh capital into 3 PSU general insurers,amends GIBNA Act

The cabinet earlier had approved capital infusion of Rs12,450 crore for the three PSU general insurers that included Rs 2,500 crore already infused in these three companies in 2019-20,The ministry of finance(MoF) had clarified that out of fresh capital of Rs 10,000 crore,,Rs.3,475 crore will be released immediately;while the balance Rs,6475 crore will be infused later. 

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UK sets up $647 million emergency insurance fund for film and TV

As filmmakers try to get back to work, they are finding some insurers have stopped providing the COVID-19 coverage they need to secure financing.

The government said the insurance fund will be available to all productions made by companies where at least half the production budget is spent in the UK, and is estimated to cover more than 70% of the film and TV production market.

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