The government is pursuing a national agenda on “housing for all by 2022”.
Foreign flows from NRIs could well be a cushion against drying up foreign portfolio investments.
The local unit touched an all-time, intraday low of 69.09 a dollar last Thursday.
Inward remittances are set to rise, especially from the Middle East, the US and Southeast Asian countries amid a falling rupee.
It is said to have interviewed about five dozen senior executives from different government-owned banks as it sought recommend more than a dozen candidates to run public sector banks, battling with huge pile of bad loans.
A resolution plan was also submitted in October last year.
NHAI will need to raise about Rs 1.3 lakh crore by 2020 on the back of increasing cost of land acquisition due to faster construction, according to a report by Kotak Institutional Securities.
Earlier in December last year, SBI filed an insolvency petition against Uttam Value Steels Ltd, a company engaged in manufacturing various steel products. The firm had availed term loans from the bank.
During the day, the rupee hit a record low of 69.09, sliding past its earlier trough of 68.86, reported on November 24, 2016.
The latest RFP has some modifications, which are aimed at ensuring more bids.
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