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Rural Electrification Corporation
REC Limited, formerly Rural Electrification Corporation Limited is a subsidiary of Power Finance Corporation Limited (PFC) which in turn is under the ownership of the Ministry of Power, Government of India. It finances and promotes power projects across India. The PSU provides loans to Central/State Sector Power Utilities in the country, State Electricity Boards, Rural Electric Cooperatives, NGOs and Private Power Developers. On 20 March 2019, PFC signed the agreement to acquire a 52.63% controlling stake in REC for . On 28 March, PFC announced that it had completed making the payment for the acquisition and intended to merge REC with itself in 2020. Business operations REC is the 12th Maharatna Company functioning under the purview of the Ministry of Power. The company is listed on both the National Stock Exchange and the Bombay Stock Exchange. Business operations in India are supported by a network of 13 Project Offices and 5 Zonal Offices, headquartered in New Delhi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lodhi Road
Lodhi Road (Hindi: लोधी रोड, Urdu: لودھی مارگ) in New Delhi, India, is named after the Lodi Gardens, Lodhi Gardens located on it. Two Mughal (tribe), Mughal mausoleums, Humayun's Tomb and Safdarjung's Tomb, lie at the eastern and western ends of the road respectively. A number of cultural, educational, and international institutions line the road. The Jor Bagh (Delhi Metro), Jor Bagh metro station lies under Aurobindo Marg near its intersection with Lodhi Road. Also located near it are Lodhi colony and Lodhi Estate built during British Raj in 1940s, and Lodhi Road Institutional Area. History The road follows a 14th-century dirt track connecting Ghiyathpur (now Nizamuddin West, Nizamuddin) village with the Bagh-i Jud (from which the present day Jor Bagh metro station, Jor Bagh is derived), one of the earliest orchards mentioned in Sultanate records, before joining the larger road from Rewari and Gurgaon. It has been used by invading armies, most famously b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offer
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Finance Corporation
Power Finance Corporation Ltd. (P. F. C.) is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India. Established in 1986, it is the financial backbone of Indian power sector. PFC's net worth as on 30 September 2018 is INR 383 billion. PFC is the 8th highest profit making Central Public Sector Undertaking (CPSU) as per the Department of Public Enterprises Survey for FY 2017–18. PFC is India's largest NBFC and also India's largest infrastructure finance psu. Government has raised status of PFC from ' Navratna' to 'Maharatna' psu on 12 October 2021. Initially wholly owned by the Government of India, the company issued an initial public offering in January, 2007. The issue was oversubscribed by over 76 times, which is one of the largest for an IPO of any Indian psu. PFC is listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It is also an ISO 9001:2000 certified company and enjoys the sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NTPC Limited
NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India which is engaged in generation of electricity and allied activities. The headquarters of the psu is situated at New Delhi. NTPC's core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants. The PSU has also ventured into oil and gas exploration and coal mining. It is the largest power company in India with an electric power generating capacity of 67,907 MW. Although the company has approx. 16% of the total national capacity, it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels (approx. 80.2% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Powergrid
Power Grid Corporation of India Limited is an Indian central public sector undertaking under the ownership of Ministry of Power, Government of India. It is engaged mainly in transmission of bulk power across different states of India. It is headquartered in Gurugram. Power Grid transmits about 50% of the total power generated in India on its transmission network. History The Power Grid Corporation of India Limited was incorporated on 23 October 1989 under the Companies Act, 1956 with an authorized share capital of Rs. 5,000 Crore (subsequently enhanced to Rs. 10,000 Crore in Financial Year (FY) 2007–08) as a public limited company, wholly owned by the Government of India with 51.34% stake in the company as on 31 December 2020 and as principal electric power transmission company for the country. Its original name was the "National Power Transmission Corporation Limited", was charged with planning, executing, owning, operating and maintaining high-voltage transmission syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premiership Of Narendra Modi
The premiership of Narendra Modi began on 26 May 2014 with his swearing-in as the prime minister of India at the Rashtrapati Bhavan. He became the 14th Prime Minister of India, succeeding Manmohan Singh of the Indian National Congress. Modi's first cabinet consisted of 45 ministers, 25 fewer than the previous United Progressive Alliance government. 21 ministers were added to the council of ministers on 9 November 2014. In 2019, he was elected as the prime minister of India for the second time and sworn in at the Rashtrapati Bhavan on 30 May 2019. His second cabinet consisted of 54 ministers and initially had 51 ministers, which was expanded to 77 ministers during a reshuffle on 7 July 2021. His premiership has, to a considerable extent, practiced high command culture. Under Modi's premiership, India has experienced democratic backsliding. Economic policies Overall The economic policies of Modi's government focused on privatization and liberalization of the economy, bas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Common Minimum Programme
The Common Minimum Programme is a document outlining the minimum objectives of a coalition government in India. The document has acquired prominence since coalition governments have become the norm in India. The common minimum programme of Congress-led UPA coalition which won the 2004 Indian general election General elections were held in India in four phases between 20 April and 10 May 2004. Over 670 million people were eligible to vote, electing 543 members of the 14th Lok Sabha. Seven states also held assembly elections to elect state governm ..., had a heavy emphasis on tackling the needs of India's poor. Six basic principles for governance by UPA were: *To preserve, protect and promote social harmony and to enforce the law without fear or favour to deal with all obscurantist and fundamentalist elements who seek to disturb social amity and peace. *To ensure that the economy grows at least 7-8% per year in a sustained manner over a decade and more and in a manner that ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rajiv Gandhi Grameen Vidyutikaran Yojana
Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) or Rural Electricity Infrastructure and Household Electrification Scheme was launched in 2005 with the aim to provide electricity to all rural areas. In 2013, an amount of Rs. 198.98 crore was sanctioned to the Gorkhaland Territorial Administration (GTA) under this scheme which was later renamed as Deendayal Upadhyaya Gram Jyoti Yojana and recently as " saubhagya" This scheme aimed at electrifying all villages and habitations, Providing access to electricity to all rural households andProviding electricity connection to Below Poverty Line (BPL) families free of charge. To augment resource capacities for implementation of this scheme, Ministry of Power, Govt. of India involved CPSUs like NTPC, NHPC, PGCIL Power Grid Corporation of India Limited is an Indian central public sector undertaking under the ownership of Ministry of Power, Government of India. It is engaged mainly in transmission of bulk power across different sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan International Cooperation Agency
The is a governmental agency that delivers the bulk of Official Development Assistance (ODA) for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation. The OECD's Development Assistance Committee published a peer review of Japan's development co-operation in October 2020. It was led by Dr. Shinichi Kitaoka, the former President of the International University of Japan, from 2015 to 2022. On 1 April 2022, Professor Akihiko Tanaka assumed the presidency of the Japan International Cooperation Agency (JICA) as the successor to Professor Shinichi Kitaoka. History JICA's predecessor, the previous Japan International Cooperation Agency (also known as "JICA"), was a semi-governmental organization under the jurisdiction of the Ministry of Foreign Affairs, formed in 1974. The new JICA was formed on October 1, 2003. A major component of the comprehensive overhaul of Japan's ODA decided by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Standard Chartered Bank
Standard Chartered plc is a multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite being headquartered in the United Kingdom, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East. Standard Chartered has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has secondary listings on the Hong Kong Stock Exchange, the National Stock Exchange of India, and OTC Markets Group Pink. Its largest shareholder is the Government of Singapore-owned Temasek Holdings. The Financial Stability Board The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability Forum ... considers it a Systemically important financial institution, systemically importan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Moody’s
Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the Fortune 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in structured finance. In Moody's Investors Service' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ICRA Limited
ICRA Limited (ICRA) is an Indian independent and professional investment information and credit rating agency. The company was established in 1991, and was originally named ''Investment Information and Credit Rating Agency of India Limited'' (IICRA India). It was a joint-venture between Moody's and various Indian commercial banks and financial services companies. The company changed its name to ''ICRA Limited'', and went public on 13 April 2007, with a listing on the Bombay Stock Exchange and the National Stock Exchange. As of end December 2020, Moody's Corporation owns a 51.86% majority stake. ICRA Credit Rating ICRA's credit ratings are symbolic representations of its current opinion on the relative credit risks associated with the rated debt obligations/issues. These ratings are assigned on an Indian (that is, national or local) credit rating scale for Indian Rupee denominated debt obligations. ICRA ratings may be understood as relative rankings of credit risk within India ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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