Kochi Metro Rail Limited (KMRL) cleared a proposal for availing an additional term Rs4.70bn from Ernakulam District Cooperative Bank (DCB) for funding the land acquisition requirements for the Kochi Metro Rail project, as well as for widening Vyttila-Petta Road in Kochi city.
India is expected to grow at 6.3 per cent this year and 6.5 per cent in 2016 by when it is likely to cross China’s projected growth rate, the IMF said while terming the new government’s reforms as “promising” but insisted that their implementation is key.
Kochi Metro Rail Limited (KMRL) cleared a proposal for availing an additional term Rs4.70bn from Ernakulam District Cooperative Bank (DCB) for funding the land acquisition requirements for the Kochi Metro Rail project, as well as for widening Vyttila-Petta Road in Kochi city.
After four years of introducing the base rate, the rate below which the banks cannot lend, the Reserve Bank of India has indicated that it may be lenient on its practice with market borrowings by companies and banks buying them, making it nearly irrelevant.
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