FM Sitharaman exhorts NIIF to leverage India’s investment fundamentals

New Delhi: Finance Minister Nirmala Sitharaman on Thursday asked the National Investment and Infrastructure Fund (NIIF) to leverage India’s attractive investment fundamentals to expand its operations.

Presiding over the 5th meeting of NIIF’s governing council, she encouraged the team to continue discussions with investors from countries that are keen to invest in India.

The Finance Minister exhorted the NIIF team to also explore opportunities under the National Infrastructure Pipeline, PM GatiShakti and National Infrastructure Corridor, which include a big pool of investible greenfield and brownfield investment projects.

She also asked NIIF to try and crowd in commercial capital into those opportunities.

The governing council also guided NIIF to undertake advisory activities pro-actively to support Central and state governments to create a pipeline of investible PPP projects.

-IANS

Sensex, Nifty witness worst week since March 15 amid Iran-Israel conflict

Mumbai: Ending a four-day losing streak, India's benchmark indices closed higher on Friday led by HDFC Bank and Bajaj Finance, among other factors. The Sensex ended 599 points, or 0.83...

UNCTAD forecasts India’s GDP growth at 6.5 pc in 2024

New Delhi: The latest UN Conference on Trade and Development (UNCTAD) report released on Tuesday forecasts global economic growth at 2.6 per cent in 2024 barely above the 2.5 per...

‘Above normal monsoon rainfall in 2024 bodes well for agricultural sector’

Chennai: The India Meteorological Department's (IMD) above-normal rainfall forecast for 2024 southwest monsoon (June-September) bodes well for the agriculture sector and will also keep a check on food prices, an...

RBI projects GDP growth at 7 pc for 2024-25, retail inflation seen at 4.5 pc

Mumbai: India's GDP growth for 2024-25 is projected at 7 per cent while the forecast for inflation for the year has been retained at 4.5 per cent, RBI Governor Shaktikanta...

RBI leaves key repo rate unchanged, focus on keeping inflation in check

Mumbai: The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in its monetary policy review for the seventh consecutive time, with...

RBI may cut repo rate only in Q3 FY25: SBI economist

Chennai, April 2 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) may cut repo rate only in the third quarter of FY25 and not before, said a...

World should develop the concept of Green GDP: PM Modi

New Delhi: Prime Minister Narendra Modi on Friday said India is making rapid advancements in the renewable energy sector, like solar, wind energy and green hydrogen, thus building 'Green GDP'...

US court orders Byju’s to freeze $533 million owed to lenders

New York: The steering committee representing term-loan lenders of Byju's $1.2 billion loan on Friday said that a US judge has ordered to prohibit further movement or use of $533...

Strong demographic trend a structural positive for India: Morgan Stanley

New Delhi: India’s demographic trend of a younger workforce positions it positively as most large economies face shrinking working-age populations and tight labour markets, global brokerage, Morgan Stanley said. Per...

EAM Jaishankar calls FTA with four European nations ‘a bold achievement’

New Delhi: Calling the signing of the India-EFTA Trade and Economic Partnership Agreement (TEPA) a "bold achievement", External Affairs Minister S. Jaishankar said on Sunday that the move reflects a...

India has 8,000 startups led by women with $23 bn in funding: Report

New Delhi: India is now home to more than 8,000 startups that have women founders with a cumulative funding of nearly $23 billion till now, a report showed on Thursday....

RBI’s punitive actions will keep NBFCs on the edge

New Delhi: In continuation with its system clean-up mission, the RBI imposed an embargo on IIFL’s gold loan business on March 4 and on JM Financial Products’ (subsidiary of JM...

Read Previous

Karnataka’s Voters’ data theft scam: Ruling BJP set to transfer BBMP Special Commissioner

Read Next

Growing rural distress highlights govt’s planning inefficiency

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com