| Interest-free banking is a solution for Kerala's infrastructural woes, claimed H Abdur Raqeeb, general secretary of New Delhi-based Indian Centre for Islamic Finance. "In order to achieve greater economic growth, investments are required to build high quality infrastructure, skilled human capital, technology upgrade and enterprise promotion.
For a number of reasons, private sector in India is not able to get adequate fund to carry out vital projects. The absence of benchmark rates for raising long-term debt from the market is one reason...............................................Full Article: Source
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