 "PMO takes stock of RBI's new provisioning norms for stressed loans")
Prime Minister Narendra Modi opened the bag full of development goodies; dedicating schemes of around Rs 220 billion to the people of poll-bound Chhattisgarh during his four-hour state visit on Thursday.
The significant among it was the modernized and expanded Bhilai Steel Plant (BSP) ---flagship entity of Steel Authority of India Limited (SAIL) ---that Prime Minister dedicated to nation. The project, which entailed an investment of Rs 185 billion, would raise the steel producing capacity of BSP from 3.93 million tonnes per annum (MTPA) to 7 MTPA.
The event marks the completion of SAIL's Rs 7200 billion modernisation and expansion
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