August 22, 2013 by apicomely
Maharashtra finance department launches austerity drive
Its not because they ask for things or put stuff in the cart, but because my focus is diverted. I end up making less-than-perfect shopping choices andI know that I am. I often forget about leftovers in the fridge. Its not that I dont want to eat them, but that when its lunchtime and I go downstairs to find lunch, I might not see them or they simply slip my mind. I could list dozens of things like this.
KKR enters maritime finance
Resources are under strain. And yet the finance department periodically receives proposals for fresh recruitments, projects and liabilities from other departments,” the letter said. “Therefore, deputy chief minister Ajit Pawar (who also holds the finance portfolio) has instructed that only proposals of paramount importance should be sent for consideration. All proposals should be scrutinized carefully and presented to the finance minister only in exceptional cases,” it added.
KKR said the new entity, Maritime Finance Co, would aim to bridge a financing gap caused by the turmoil in the European banking industry. Maritime Finance will be funded with $580 million in equity capital, of which 45 percent has come from KKR and its various entities. The new entity will be headed by Helios Advisors partners Kristan Bodden and Gabriel Tolchinsky. KKR also said it was buying a stake in RigNet Inc from investment firm Cubera, making it the company’s largest shareholder.