Proposal for Setting up of “Development Finance Institution Approved
The Union Cabinet approved a bill to set up a Development Finance Institution(DFI). It will be called National Bank for Financing Infrastructure and Development (NaBFID).
About National Bank for Financing Infrastructure and Development (NaBFID):
Initially, the Government of India will own it with a 100% stake.
They will gradually bring it down to 26% in a few years.
It will provide finance for social and e
Investments in India
Why in News
India has attracted a total FDI inflow of US$ 72.12 billion during April to January 2021. It is the highest ever for the first ten months of a financial year and 15% higher as compared to the first ten months of 2019-20 (US$ 62.72 billion).
Japan has been leading the list of investor countries to invest in India with 29.09% of the total FDI Equity inflows during January 2021, followed by Singapore (25.46%) and the U.S.A. (12.06%).
In terms of top inv
Special Economic Zones (SEZ)
About Special Economic Zones (SEZ)
The 1st Export Processing Zone (EPZ) was set up in 1959 at Shannon, in Ireland. India realised how effective EPZ is in promoting Exports.
India was inspired by China for the setting up of SEZ. Asia’s First EPZ was set up in Kandla in 1965.
India 1st introduced the concept of SEZ in the EXIM policy 2000. SEZ Act, 2005 is an umbrella le
The National Highway Authority of India (NHAI) has outlined a structured framework to monetize public assets and increase public-private participation (PPP) for the development of road infrastructure in India. This strategy aims to unlock the value of existing infrastructure and support the financing of new projects.
What is Asset Monetization?
Asset monetization refers to unlocking the economic value of underutilized public assets to create new revenue sources. It does not necessarily