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Indian Small Satellite Launch Vehicle Fails in Maiden Launch Attempt
India’s new Small Satellite Launch Vehicle failed to orbit...
M2 satellite delivers Australia’s first high-res Earth observation images
A UNSW Canberra Space satellite mission, known as M2,...
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TOKYO -- Japan will outline steps for a green...
Mappls RealView by MapmyIndia Launched as Google Street View Competitor in India
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Earth Observation Drones Global Market to Surpass $18.2 Billion by 2032
The "Earth Observation Drones Market - A Global and Regional...
China’s Long March rocket launches 16 satellites
According to the Chinese news agency, Xinhua, 16 new satellites...
Russia Fires Iranian Satellite Into Space, Prompting Spying Concerns
This is the moment Russia launched an Iranian space...
NEA AND SLA SIGN MOU TO SHARE GLOBAL NAVIGATION SATELLITE SYSTEM (GNSS)-DERIVED MOISTURE DATA FOR WEATHER MONITORING APPLICATION
Singapore – The National Environment Agency (NEA) and the Singapore...
UAE to develop SAR satellite constellation for remote sensing
The UAE Space Agency, on Monday announced a new...
China launches new group of remote sensing satellites
XICHANG - China successfully launched a new group of...

March 4th, 2014
India Needs Long-term Debt Market for Infrastructure Sector

Bad debt held by Indian banks is growing, as the economy slows down and infrastructure projects stall. From Rs 1.3 lakh crore at the end of March 2012, these have jumped to Rs2.4 lakh crore at the end of December 2013. India’s infrastructure companies grew at a rapid pace through most of the 2000s, embarking on spectacular projects fuelled by debt. As they have slowed down, critics say that they should not have taken on as much debt as they did.
Bad debt held by Indian banks is growing, as the economy slows down and infrastructure projects stall. From Rs 1.3 lakh crore at the end of March 2012, these have jumped to Rs2.4 lakh crore at the end of December 2013. India’s infrastructure companies grew at a rapid pace through most of the 2000s, embarking on spectacular projects fuelled by debt. As they have slowed down, critics say that they should not have taken on as much debt as they did.

Bad debt held by Indian banks is growing, as the economy slows down and infrastructure projects stall. From Rs 1.3 lakh crore at the end of March 2012, these have jumped to Rs2.4 lakh crore at the end of December 2013. India’s infrastructure companies grew at a rapid pace through most of the 2000s, embarking on spectacular projects fuelled by debt. As they have slowed down, critics say that they should not have taken on as much debt as they did. Read More