Latest Expert Exchange Queries

Make your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: list of goods taxed at 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT RATES :: form 3cd :: due date for vat payment :: cpt :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« General »
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes
 Advance tax given by individuals in June quarter rises more than 40%

Let banks issue tax-free bonds
July, 06th 2010

ICICI Bank has urged the Government to allow banks to issue tax-free infrastructure bonds. Tax-free bonds would prove to be a cost-effective source of funding for banks and enable them ramp up their infrastructure financing activities, ICICI Bank's Chief Executive Officer and Managing Director, Ms Chanda D. Kochhar, has said.

Also, priority sector classification for infrastructure financing would go a long way in making lot of funds available for infrastructure projects, Ms Kochhar told a conference on Public-private partnership (PPP) in State Highways' here on Monday.

Currently, infrastructure financing by banks are not covered under priority sector classification. Simply put, for every Rs 100 lent by a bank to an infrastructure project, the bank has to lend Rs 40 more to priority sector.

With nation's priority being infrastructure, this kind of funding should qualify as priority sector, she noted.

Presenting a sort of wishlist to enable more banking funds for infrastructure financing, Ms Kochhar also suggested that reduction of Statutory Liquidity Ratio and Cash Reserve Ratio requirements on these bonds will bring down the cost of funding for infrastructure projects.

Ms Kochhar also suggested that banks should be allowed to provide guarantees for external commercial borrowing loans. There are many of foreign lenders that do not want to take a direct risk on infra projects in India, she noted.

Banks have been consistently looking at infrastructure funding in a big way. Over the last decade, the total infrastructure funding by banks has gone up from $2 billion to $67 billion. All infrastructure financing is long-term. But the source of funding for the banks has been short-duration, leading to asset-liability mismatches.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions