New Delhi, Jan 12 : Rating agency Crisil today announced the launch of a new credit rating framework for infrastructure projects that would facilitate greater participation from long-term investors and lenders.
“Crisil, in consultation with the Ministry of Finance and other stakeholders, has developed a new credit rating framework for infrastructure projects that would facilitate greater participation by long-term investors and lenders,” the rating agency said in a statement.
The new rating system is based on the ‘expected loss’ (EL) methodology. Which means, the rating will be an expert judgement on EL over the life of the debt instrument by taking into account the two pillars of credit risk — the probability of default (PD), and the prospects of recovery, the statement said.
Crisil had recently assessed that India’s infrastructure sector needs Rs 43 lakh crore investments over five years ending March 31, 2020, and domestic corporate bond market will have to chip in with at least Rs 11 lakh crore because of capital constraints at public sector banks.
“Crisil believes that there is a need for new innovative structures such as infrastructure debt funds, and credit enhancement mechanisms such as partial guarantees, that would enable long-term investors such as insurers and pension funds to pitch in and bridge the funding gap,” the statement said.
New Delhi, Jan 11 : India and Israel today expressed their commitment to strengthen bilateral relations in the field of agriculture and cooperation in allied sectors between the two countries.
Israeli delegation-led by Agriculture Minister Uri Ariel called on farm minister Radha Mohan Singh and discussed bilateral cooperation in farm sector.
“Both sides expressed satisfaction over the progress made in cooperation in the agriculture and allied sectors between the two countries,” said a statement issued by the Agriculture Ministry.
The two countries expressed their commitment to further strengthen bilateral relations in the field of agriculture which is manifested by the fact that the third phase of Action Plan for 2015-18 in the field of horticulture has recently been finalized by the two countries, it said.
Under this programme, as many as 27 Centres of Excellence (CoEs) in the cultivation of various fruits and vegetables, in 21 states are being set up, out of which 15 CoEs are complete.
The two nations expressed hope that they could embark upon newer areas of cooperation at the government-to-government and business-to-business levels so as to further enhance the relationship, the statement added.
Mumbai : England defeated India A by three wickets in their first warm-up match ahead of the limited overs series here today.
Brief Scores:
India A 304/4 in 50 overs (Ambati Rayudu 100 retd out, MS Dhoni 68 no, Yuvraj Singh 56, David Willey 2/55)
England 307/7 in 48.5 overs (Sam Billings 93, Jason Roy 62; Kuldeep yadav 5/60).
Varanasi, Jan 10 : A grandson of late Ustad Bismillah Khan and two other persons were arrested in connection with the theft of the maestro’s silver shehnais, police said today.
Uttar Pradesh Special Task Force arrested Nazare Hussain, local jeweller Shanker Seth and his son Sujit Seth.
Four silver shehnais and a wooden and silver one were stolen from Khan’s son Kazim Hussain’s home here on December 4.
The shehnais were recovered in a melted condition from a local jewellery shop here, police said.
Kazim’s son Nazare got the four silver shehnais melted by jewellers Shanker and Sujit Seth in Chetganj area here, they said.
“Over one kg of melted silver along with one shehnai made of wood and silver have been recovered from the possession of the jewellers.
“The stolen shehnais were sold to the local jewellers for a meagre Rs 17,000 and melted,” said STF SSP Amit Pathak.
An FIR was registered on December 5 at Chowk police station after the theft at Kazim’s house in Dalmandi area.
According to the family, the shehnais were very special to the late musician and were gifted to him by former Prime Minister P V Narasimha Rao, Kapil Sibal and Lalu Prasad.
After a delay of around two weeks, the Central Board of Secondary Education (CBSE) on Monday announced the exam schedule for class X and XII. While the class X exams will be held from March 9 to April 10, the class XII exams will start on March 9 and end on April 29
CBSE had delayed its date sheet by around two weeks as they did not want the exams to collide with the Assembly elections in five states. Usually the schedule is announced by end of December. Examinations have also been delayed by a week this time.
“In view of the state assembly elections being conducted in five states of Punjab, Goa, Manipur, Uttarakhand and Uttar Pradesh, the examinations have been scheduled starting March 9,” a statement from CBSE said.
“The Board has given careful consideration to the situation before postponing the exams by a week which will now allow the students to get more time for the preparation and ensure uninterrupted sequence of examinations,” it further read.
The Board also said that they have fixed the schedule in such a way that students appearing for Joint Entrance Examination and National Eligibility-cum-Entrance Test are able to complete the examination beforehand.
It has also ensured that results will be declared faster as the Board has taken initiatives which will aid in faster result processing.
Over 16 lakh students are appearing for class X examination this year and over 10 lakh for class XII.
The Council for Indian School Certificate Examination (CISCE) is also rescheduling some of its papers. Its earlier date sheet was announced before the declaration of the election schedule.
New Delhi : The Supreme Court today asked the Centre to implement the new tuberculosis protocol saying if the drug combination is the same then why can it not be given on a daily basis instead of thrice a week.
A bench headed by Chief Justice J S Khehar asked Additional Solicitor General (ASG) Maninder Singh, appearing for the Centre, “When drug is the same, then you can straight away start implementing the new dosage policy.”
The bench, also comprising Justices D Y Chandrachud and L Nageswara Rao, further said, “We know your (Centre’s) reply is wrong,” and asked the ASG to take instruction on the same from the government and revert to it on the next date of hearing on January 13.
The apex court was hearing a PIL filed by doctor and tuberculosis specialist Raman Kakkar, seeking change in the protocol for treatment of TB in the country.
The plea claimed that the current practice of giving three doses of medicine every week should be replaced with the traditional and time-tested daily dose regimen.
Describing the technique adopted by the department concerned as “unscientific” and “improper”, he said the present tuberculosis protocol stipulated only an inadequate medicine regime to cut costs, adding that it promoted relapses and generated a lethal drug-resistant strain in the body of the patient.
He claimed over 10 per cent of tuberculosis patients suffered relapse compared with the global average of three per cent, noting that the relapsed cases were harder to treat than first-time infections.
“A catagory II patient (one whose disease has relapsed) in India is given only 24 injections (of the antibacterial streptomycin) while everywhere else in the world such a patient generally gets 60 injections,” the petition said.
It said that while more than 20 lakh TB cases were reported at government hospitals each year in the country, the number of such patients in Faridabad was between 3,500 and 4,000 each year.