Cabinet approves formation of Development Finance Institution: FM Sitharaman
Video Credit: ANI - Duration: 02:24s - Published
Cabinet approves formation of Development Finance Institution: FM Sitharaman
Union Finance Minister Nirmala Sitharaman on March 16 announced that cabinet has approved formation of Development Finance Institution (DFI) for development and financial objectives.
"During Budget, we had mentioned that we will be setting up a national bank to fund infrastructure and developmental activities.
The past attempts to have alternative investment funds were taken up, but for various reasons, we ended up with no bank which could take up long-term risk, which is very high and fund development." She further said, "Union Cabinet has already cleared the setting up of a Development Finance Institution (DFI), in acknowledgement of the realization that both development and financial objectives will matter for setting up a DFI.
It will help raise long-term funds; Budget 2021 will provide initial amount.
The Capital infusion will be of about Rs 20,000 crore this year; initial grant will be Rs.
5,000 crore, additional increments of grant will be made within limit of Rs 5,000 crore."
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#AbkiBaar400paar #PMModi #NDA #LokSabha #BJP2024 #Modi3.0 #ModiSarkaar #LokSabhaelections #Indiaelections #Indianews #news #Oneindia #Oneindianews
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Union Minister Kiren Rijiju will contest the Lok Sabha elections from Arunachal Pradesh West, a seat he first represented in parliament from 2004-2009 and then again for two consecutive terms from 2014 to 2024. Kiren Rijiju's political journey is a testament to resilience, dedication, and unwavering commitment to public service. Mr Rijiju has been a passionate advocate of ushering in reforms in northeastern states. The Union Minister boasts an impressive over 90 per cent attendance record in parliament, raising questions of national and international importance.
#KirenRijiju #Arunachal West #LokSabhaElections #KnowYourMP #Arunachal WestMPKirenRijiju #CongressMPKirenRijiju #IndianPolitics #Congress #PoliticalCareer #Leadership #ElectionCampaign #Arunachal WestConstituency #PoliticalJourney #ElectoralStrategy #CongressLeader #KirenRijijuInArunachal West #PoliticalMilestones #IndianDemocracy #ElectionDecision #CongressParty #VoteForRahul #PoliticalLegacy #CampaignTrail
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#PashupatiKumarParas #Resignation #BiharElections #BJP #JDU #NDAAlliance #SeatAllocation #PoliticalTensions #RLJP #UnionMinister #PoliticalReshuffle #BJPAlliance #ElectionControversy #PoliticalUpheaval #NDASeatDistribution #PoliticalInjustice #CoalitionPolitics #BiharPolitics #PartyTicketDenial #PoliticalDissatisfaction
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#RajeevChandrasekhar #Thiruvananthapuram #LokSabhaElections #KnowYourMP #ThiruvananthapuramMPRajeevChandrasekhar #CongressMPRajeevChandrasekhar #IndianPolitics #Congress #PoliticalCareer #Leadership #ElectionCampaign #ThiruvananthapuramConstituency #PoliticalJourney #ElectoralStrategy #CongressLeader #RajeevChandrasekharInThiruvananthapuram #PoliticalMilestones #IndianDemocracy #ElectionDecision #CongressParty #VoteForRahul #PoliticalLegacy #CampaignTrail
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Bharatiya Janata Party (BJP) released its manifesto for Puducherry Assembly elections on March 26. It was released by Finance Minister Nirmala Sitharaman and Union Ministers Arjun Ram Meghwal and..
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Union Finance Minister Nirmala Sitharaman on Tuesday said that not all state-owned banks are going to be privatised. She added that the interest of employees of banks that are likely to be privatised..
Credit: HT Digital Content Duration: 03:15Published
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