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Showing posts from September 26, 2017

Generalist Vs Specialist, Social Business - Today Current Affairs Topics

Listing Of NHAI Why in news? Union ministry of Road transport is planning for initial public offering or IPO of National Highways Authority of India (NHAI). What is an IPO? An initial public offering, or IPO, is the very first sale of stock issued by a company to the public. Until a company’s stock is offered for sale to the public, the public is unable to invest in it. Prior to an IPO the NHAI has shareholders made up primarily of early investors i.e. government itself or its authorised firms. By now any individual or institutional investor who wasn’t involved in the early days of the NHAI’s capital, can buy the shares. What is the need for such proposal? Roadways ministry has long argued that there is “no shortage” of money but due to changing economic trends, it came up with the plan of IPO. Due to bad debts and NPAs the government is not so confident in investing on infrastructure projects. Banks are taking too long to approve the financial closure of highway p