×

UPSC Courses

DNA banner

DAILY NEWS ANALYSIS

  • 30 May, 2020

  • 1 Min Read

First investment for NIIF

First investment for NIIF

Recently a Dubai based marine firm DP World has partnered with NIIF to create an investment platform for ports, terminals, transportation and logistics businesses in India. National Investment and Infrastructure Fund (NIIF) is set-up to function as a major platform in India for attracting foreign investments to fund stalled infra projects.

The NIIF is being operationalized by establishing three Alternative Investment Funds (AIFs) under the SEBI Regulations.

  • The proposed corpus of NIIF is Rs. 40,000 Crores (around USD 6 Billion).
  • GOI’s contribution to the AIFs under the NIIF scheme shall be 49% of the total commitment.
  • NIIF has mandate to solicit equity participation from strategic anchor partners, like overseas sovereign/quasi-sovereign/multilateral/bilateral investors.

Source: ET


India and Bangladesh Relations

India and Bangladesh Relations News: The 4th India-Bangladesh Annual Defence Dialogue, which was recently held in Delhi, decided to intensify the cooperation between the two-armed forces. Highlights Military training The discussions focused on the current bilateral training and exercises, and it was decided to make them more challeng

Digital Currency

Digital Currency Over 7% of India's population possessed digital currency in 2021, according to a recent report by the United Nations Trade and Development Body (UNCTAD). Additionally, India was rated eighth in terms of population ownership of digital currencies among the top 20 economies worldwide. HIGHLIGHT When it comes to

Booster Dose: Corbevax

Booster Dose: Corbevax According to a recent announcement from the Indian government, persons who have already taken Covishield or Covaxin as their first or second dosage of Covid-19 may take Corbevax as their third booster shot. Corbevax is still seeking the Emergency Use Listing (EUL)from the World Health Organization Up until this poin

Mid-day Meal Scheme

Mid-day Meal Scheme There is recent proof that children who receive eggs as part of midday meals have a considerable boost in their growth, according to a study commissioned by the Karnataka government. About the recent study            While the request to include additional dist

Declining Mangrove Cover: NASA STUDY

Declining Mangrove Cover NASA recently brought attention to the disappearance of mangroves on Katchal Island, which is a part of India's Nicobar archipelago. Findings Of NASA Mangrove loss: The study revealed how much of the world's mangroves have disappeared during the last two decades. On August 8, 2022, the NASA Earth

Toppers

Search By Date

Newsletter Subscription
SMS Alerts