becomes first SEZ to achieve financial closure
crore Positra Special Economic Zone (SEZ) in Gujarat has become the first
SEZ to achieve financial closure. IDBI has sanctioned a package that comprises
an equity component of Rs.100 crore and has also subscribed to secured
convertible notes worth another Rs.100 crore. This package also consists
of a term loan of Rs.500 crore and a foreign currency loan of $64.24 million
(about Rs.300 crore) to develop the SEZ at Positra in Gujarat. The debt
requirement for the project is expected to be syndicated.
park in Himachal
has approved projects worth about Rs.5 crore for Himachal's first bio-technology
park at Nankaghat. As per the recently announced bio-technology policy,
Himachal proposes to set up two such parks.
loans see 50% growth in one year
The home loan
segment has seen a 50 percent jump in total disbursements mainly due to
various tax sops, downslide in property prices and lowering of interest
rate on loans. Estimated to be Rs. 17,000 crore (loan disbursement) to
day, the home loan market is expected to touch Rs. 25,000 crore by the
end of this financial year.
1. a) Banks
distributing insurance products
2. b) US $
3. b) Insurance
4. b) Nominal
rate less inflation
5. b) Gold
6. c) Two
Successive quarters of negative growth.
7. b) Cardiff
8. a) Bubble
9. c) Religious
10. c) HSBC