RBI’s Framework to Strengthen Project Financing
On 6th May, 2024, the Reserve Bank of India (RBI) released a draft regulatory framework for long gestation period financing for projects such as infrastructure, non-infrastructure and commercial real estate sectors.
Aim
- The proposed guidelines are aimed at bolstering risk management in project financing.
Rationale
- As per the Ministry of Statistics and Programme Implementation’s March, 2024 review of 1,837 projects, 779 of them were delayed and 449 faced cost overruns.
- Infrastructure projects typically have long gestation periods, increasing the likelihood of financial viability challenges.
Major Highlights Proposed Framework
- Income Recognition and Asset Classification: The draft framework outlines guidelines for Income Recognition, ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 Parliamentary Standing Committee’s Report on Fisheries Sector
- 2 Components of Gold Monetisation Scheme Discontinued
- 3 Changing Dynamics of India’s Remittances
- 4 10 Years of Sagarmala Programme: Powering India’s Maritime Revolution
- 5 Energy Statistics India 2025
- 6 Revised Rashtriya Gokul Mission Approved
- 7 ICRA Report on Indian Municipal Bond Market
- 8 Pashu Aushadhi Initiative
- 9 Samarth Incubation Program
- 10 Electronics Component Manufacturing Scheme
