Kerala to set up investment firm for NRIs

Kerala has announced its plan to set up a diaspora investment company known as NRK Investment and Holding Company. The company will have a 74% stake of non-resident Keralites and a 26% government stake. This objective of the company will be fund infrastructure projects and NRI townships in the state.The projects planned under ‘Rebuild Kerala’… Continue reading Kerala to set up investment firm for NRIs

$150 mn World Bank loan likely for Rebuild Kerala

The World Bank is likely to provide development policy loan(DPL) of $150 million for the Rebuild Kerala initiative. The DPL loan is to be equally provided by the International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD). Since the DPL is not a project-specific aid, the World Bank authorities are likely… Continue reading $150 mn World Bank loan likely for Rebuild Kerala