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DFIs can play a crucial role in financing private and public sector investments in developing countries, in the form of higher risk loans, equity positions, and guarantees. [ 2 ] DFIs often provide finance to the private sector for investments that promote development and to help companies to invest, especially in countries with various ...
The National Bank for Agriculture and Rural Development (NABARD) is an All India Development Financial Institution (DFI) [4] and an apex Supervisory Body for overall supervision of Regional Rural Banks, State Cooperative Banks and District Central Cooperative Banks in India. [5]
An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law.
India is growing in renewable energy production, with most of the country's new electricity generation capacity being added through solar, wind and nuclear sources. [ 26 ] Goods trains on the dedicated freight corridor are running at speeds faster than Rajdhani trains, with one clocking a record 99.38 kmph. 3,077 trains ran on EDFC; the maximum ...
The Department for Promotion of Industry and Internal Trade (DPIIT) is a central government department under the Ministry of Commerce and Industry in India. It is responsible for formulation and implementation of promotional and developmental measures for growth of the industrial sector, keeping in view the national priorities and socio-economic objectives.
The company is headed by Rajiv Singh, who is the current chairman of the DLF Group. According to the Forbes listing of richest billionaires in 2023, Kushal Pal Singh, Chairman Emeritus, is the 19th richest man in India with a net worth of US$8.8 billion. The company's $ US$ 2 billion IPO in July 2007 was India's biggest IPO in history. [6]
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
The Development Financial Institutions Act 2002, in its current form (1 October 2008), consists of nine Parts containing 130 sections and one schedule (including one amendment). Part I: Preliminary; Part II: Management, Ownership and Control; Part III: Restrictions on Business; Part IV: Obligations and Sourcing of Funds