9/16/2023 0 Comments Define finance collaborative![]() ![]() ![]() The COVID-19 pandemic is disrupting global health, economic and financial systems at remarkable speed. Our experts suggest the best funds and youĬan get high returns by investing directly or through SIP.Why women and girls should be central to response mechanisms Save taxes with ClearTax by investing in tax saving mutual funds (ELSS) online. ClearTaxĬan also help you in getting your business registered for Goods & Services Tax Law. Our Goods & Services TaxĬourse includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. Our GST Software helpsĬAs, tax experts & business to manage returns & invoices in an easy manner. Further you can also file TDS returns, generateįorm-16, use our Tax Calculator software, claim HRA, check refund status and generate rent receipts for Income TaxĬAs, experts and businesses can get GST ready with ClearTax GST software & certification course. You can efile income tax return on your income from salary, house property,Ĭapital gains, business & profession and income from other sources. Just upload your form 16, claim your deductions and ClearTax serves 1.5+ Million happy customers, 20000+ CAs & tax experts & 10000+ businesses acrossĮfiling Income Tax Returns(ITR) is made easy with ClearTax platform. Hence, project financing requires sound financial and relevant technical knowledge.ĬlearTax offers taxation & financial solutions to individuals, businesses, organizations & chartered accountants The project financing is contrary to recourse financing, where the lenders get a full claim to the owner’s assets or cash flows. This means that in the case of a default, the lenders have recourse to the assets under the project, securing completion and using performance guarantees under the project. In project financing, the lenders have limited recourse. For the government, they may wish to keep the project off their balance sheet to have more fiscal room. This helps in maintaining the debt ratios of the company. Companies typically hold the project debt in a subsidiary with a minority holding. The project generally remains off the balance sheet for the financing parties and the government. There is no recourse available to the parties funding the projects. During the construction phase, there may be one or two offtake agreements, but no revenue streams. There is no revenue for the companies participating until the commencement of operations. Project financing is for projects which carry high risks on the capital employed. In the absence of revenues during the construction phase, the interest on debt capital is paid after the commencement of operations. A company may carry the project themselves or subcontract a portion of the project. The funds are arranged through a special purpose vehicle (SPV). Project finance model adopted in BOT (build, operate, and transfer) model contains multiple key elements. Governments or companies prefer project finance for long gestation projects or for joint venture arrangements or collaboration arrangements. The assets or rights held under the project act as collateral for the finance. The structure of project financing relies on future cash flows for repayment of the project finances. The cash flows from the project enable servicing of the debt and repayment of debt and equity. Finances can consist of a mix of debt and equity. Project finance refers to the funding of long-term projects, such as public infrastructure or services, industrial projects, and others through a specific financial structure. ![]()
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