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Blanket 5% infra provisions to hurt both lenders and project viability: Banks to RBI

Bankers have said the norms be subsumed within new provisioning rules that will require lenders to pre-empt assessment on potential losses. “RBI is also in the process of finalising the expected credit loss (ECL) based provisioning guidelines,” said a senior bank executive. "So, there is a suggestion that these infrastructure norms be subsumed into those.”

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₹3 trillion power distribution scheme may get extension

Under this scheme, the government is looking to connect hundreds of new households that weren’t covered under earlier universal electrification, as well as facilitate installation of smart meters across the country

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Suzlon charts a strong path post debt restructuring

Suzlon charts a strong path post debt restructuring
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CIL, NHPC may convert old mines to pump storage

The aim is to explore the possibility of converting abandoned or closed mines into pump storage projects. PSPs are hydro-projects where two reservoirs at different heights generate power as water moves through turbines.

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Factors that NRIs should take into account while selling property in India

While purchasing property in India is an attractive proposition and a common investment option among the Indian diaspora, selling these assets isn t always straightforward. It calls for heightened understanding and thorough planning on the part of the NRIs, particularly concerning tax implications. Therefore, NRI sellers need to understand these intricacies to ensure full compliance and maximize profit.

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