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
- UPDATE 1-Boehner erupts at conservative groups ahead of U.S. budget vote
- South Africa admits error over 'schizophrenic' Mandela signer |
- Air strike kills 15 civilians in Yemen by mistake-officials
- UPDATE 2-Hilton Worldwide Holdings shares climb 9 percent in IPO
- UPDATE 2-Bangladesh executes Islamist leader, deadly clashes on streets
India's battle with inflation and weak economic growth became more challenging on Thursday with a sharp spike in the cost of food driving the highest retail price rises on record and a worse-than-anticipated contraction in industrial production. Full Article
Amount of dirty money leaving developing world jumped 14 pct in 2011 - report. Full Article