Indian railways plans to borrow $3 bln in 2012/13
NEW DELHI (Reuters) - India's railway ministry plans to borrow 150 billion rupees from the market through the Indian Railway Finance Corporation (IRFC) in the 2012/13 fiscal year, Railway Minister Dinesh Trivedi said on Wednesday.
Speaking as he unveiled the ministry's budget to parliament, he also said India planned to invest $147 billion in the railways during the next five-year plan period that runs from 2012 to 2017.
(Reporting by Matthias Williams and Manoj Kumar; editing by Malini Menon)
- Tweet this
- Share this
- Digg this
- Islamic State fighters kill 220 Iraqis from tribe that opposed them
- UPDATE 7-Apple's Cook: "I'm proud to be gay"
- UPDATE 1-Islamic State fighters kill 220 Iraqis from tribe that opposed them
- Bike-riding US nurse defies Ebola quarantine, on collision course with governor
- Apple's Cook: "I'm proud to be gay"
India's universal health plan that aims to offer guaranteed benefits to a sixth of the world's population will cost an estimated 1.6 trillion rupees ($26 billion) over the next four years, a senior health ministry official said. Full Article