04 February, 2020
2 Min Read
Syllabus subtopic: Effects of Liberalization on the Economy, Changes in Industrial Policy and their Effects on Industrial Growth.
Prelims and Mains focus: about the Samurai loans raised by NTPC and its utility
News: India’s largest power generator NTPC Ltd has raised a $750 million-worth term loan in Japanese yen, claiming it to be the “largest ever” Samurai loan raised by any Asian corporate.
What are Samurai loans?
How were the funds raised?
What would be the funds used for?
Source: Indian Express
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