PFC will fund around 67-76% of the project tentatively, the state-owned company said on Wednesday. “PFC’s financial support in the form of term loan is tentatively proposed to range from ₹80,000 crore to ₹90,000 crore, demonstrating a substantial commitment to the realisation of these vital projects,” it said.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction