{"id":285668,"date":"2019-08-02T06:32:41","date_gmt":"2019-08-02T06:32:41","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=285668"},"modified":"2019-08-02T06:32:41","modified_gmt":"2019-08-02T06:32:41","slug":"nhai-not-to-tap-epfo-funds-this-year-too","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/nhai-not-to-tap-epfo-funds-this-year-too\/","title":{"rendered":"NHAI not to tap EPFO funds this year too"},"content":{"rendered":"<p>For the second year in a row, the National Highways Authority of India (NHAI) is unlikely to borrow from the Employees\u2019 Provident Fund Organisation (EPFO) in an effort to rein in the cost of funds. It had borrowed Rs 10,000 crore each from the EPFO in 2016-17 and 2017-18, but refrained from borrowing from the retirement fund body in 2018-19 again as its rates were higher.<\/p>\n<p>Sources said EPFO\u2019s portfolio managers are not willing to lend the NHAI at anything below 8%, which the latter finds a bit expensive as its average cost of funds hovers a trifle below 8%. The NHAI is authorised to raise up to Rs 75,000-crore debt in the current fiscal \u2013 it raised Rs 60,000 crore in 2018-19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the second year in a row, the National Highways Authority of India (NHAI) is unlikely to borrow from the Employees\u2019 Provident Fund Organisation (EPFO) in an effort to rein in the cost of funds. It had borrowed Rs 10,000 crore each from the EPFO in 2016-17 and 2017-18, but refrained from borrowing from the retirement fund body in 2018-19 again as its rates were higher. Sources said EPFO\u2019s portfolio managers are not willing to lend the NHAI at anything below 8%, which the latter finds a bit expensive as its average cost of funds hovers a trifle below 8%. [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-285668","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285668","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=285668"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/285668\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=285668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=285668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=285668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}