The draft guidelines released by the Reserve Bank of India (RBI) recently, calling for higher asset provisioning for infrastructure lending, could hit the pace of infra development in the country, say companies, but agree that it is a "sane" move for the sector's long-term stability.
The draft norms, which propose to increase the standard asset provision to 5 per cent even for existing loans, have already caused a stir, with commercial banks planning to write to the RBI and seek a review.
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Trai dials National Numbering Plan tweak
The Telecom Regulatory Authority of India (Trai) on Thursday issued a consultation paper on revising the National Numbering Plan to create a sustainable pool of new phone numbers for the country's nearly 1.2 billion mobile phone connections.
South, East India accounted for 67% of heatwave days in 2023
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New govt to boost infra sector, but expect some hurdles
The general elections inevitably led to a slowdown in government projects through Q4FY24 and Q1FY25 with muted activity.
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The ageism debate
India will gain from raising the retirement age
