Infra spending by States must rise: Crisil

News:The Credit rating agency CRISIL has released its Infrastructure Yearbook 2019. Facts: Key takeaways from the Yearbook: CRISIL has said that states need to scale up investments to Rs 110 lakh crore over the next decade to achieve India’s massive infrastructure targets. The country-wide infrastructure spending required will be Rs 235 lakh crore over the… Continue reading Infra spending by States must rise: Crisil

Crisil cuts FY20 GDP growth forecast to 6.9% from 7.1%

Credit rating agency Crisil has cut the gross domestic product(GDP) estimate for India to 6.9% from 7.1% in 2019-20. Crisil has said that revision in growth forecast was due to inadequate monsoon,slowing global growth and sluggish high-frequency data for the first quarter. However,the report said that the second half should find support from expected monetary… Continue reading Crisil cuts FY20 GDP growth forecast to 6.9% from 7.1%

Discom debt to return to pre-UDAY levels

According to the credit ratings agency Crisil,the debt of state-owned electricity distribution companies(discoms) is set to increase to pre-Ujwal Discom Assurance Yojana(UDAY) levels of ₹2.6 lakh crore by the end of 2019-20. The Ujwal Discom Assurance Yojana(Uday) was launched in 2015.It envisaged state governments taking over 75% of the utilities debts,thus reducing the interest burden… Continue reading Discom debt to return to pre-UDAY levels

Uncertain govt. policies clouded developer sentiment, hit solar capacity addition: Crisil

According to CRISIL report,India’s target of adding 100 GW of solar project capacity by 2022 is facing problems due to (a)lack of clarity on policy (b)frequent bid cancellation and (c)safeguard measures. Last year,the Finance Ministry imposed up to 25% safeguard duty on imported solar panels and modules.The safeguard duty imposition has affected project costs by… Continue reading Uncertain govt. policies clouded developer sentiment, hit solar capacity addition: Crisil