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
Trending On Reuters
India has asked YouTube to remove all links to a controversial documentary about the gang rape and murder of a woman in Delhi after banning its broadcast, a government official told Reuters on Thursday. Full Article
PM Modi to ramp up help for Indian Ocean nations to counter China influence Full Article