Wednesday, June 17, 2015

India - Finance for Agriculture, Industry, Service Sectors and Government Services - Important News


June 2015
 Vodafone raised Rs.7,700 cr. in rupee bond sale. The sale was done at a coupon of 10.25% by Vodafone South for Rs.1,500 core, Vodafone Essar Cellular for Rs.2,500 cr. and Vodafone Spacetel for Rs.3,500 cr.

April  2015

17 April 2015
Taxi app Ola has secured $400 million or Rs. 2500 cr. and the firm was valued at $2.4 billion.

8 April 2015
MUDRA  Pradhan Mantri Micro Units Development Refinance Agency launched.

March 2015

24 March 2015

Government will get Rs. 30,000 crore from spectrum auctions in the next financial year.

P-Notes amounts Rs. 2.7 lakh crore in Feb 2015. This is a 7 year high figure. The previous high figure was Rs. 3.23 lakh crore.

Government finalized first half borrowing for 2015-16. The amount to be raised is Rs. 3.6 lakh crore. Total budgeted amount is Rs. 5.92 crore.

Government plans to raise Rs. 10,000 crore through 40-year bonds.

16 March

In Feb 2015, 73 transactions worth $737 million were sealed in India.
In Feb 2014, 31 deals worth $794 million took place.

Farm loans may rise 17%  to Rs. 7.5 lakhs by end of year 2014-15 (Jan 2015)
Non food credit has risen by 9.7% to Rs. 58.6 lakh crore.

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