NaBFID is seeking a credit guarantee from MIGA for its inaugural $500 million dollar bond sale, aiming to finance green and renewable projects. This guarantee is expected to enhance NaBFID’s rating, allowing it to secure funds at a cheaper rate, potentially reducing issuance costs by 50 basis points. The move is part of NaBFID’s strategy to diversify its funding sources.
Localisation lens on 500 most-imported items: DPIIT analysing data; move aims to reduce country’s import bill
The Indian government is scrutinizing over 500 imported products, including machinery, fertilizers, and electronics, to identify opportunities for domestic manufacturing and reduce reliance on foreign