Larger government control on PSU banks, insurance is welcome...

Budget 2009-10 has kept the focus alive in terms of stimulating the rural economy, public spending, building rural infrastructure through increased allocation towards Bharat Nirman and focus on agriculture lead growth. Indian economy, in the recent past, has delivered better growth mainly due to rural development. Therefore, it is logical to assume that government has continued its focus on this segment of the economy. IIFCL, a nodal agency, towards financing infrastructure is getting more freedom in the form of take out financing. This, in our view, would improve the credit delivery mechanism towards infrastructure PPP projects due to the availability ...

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