HOW TO PAY THE BILLS
Sep 12, 2020
3 minutes
By M.G. Arun
Anew development finance institution (DFI) is in the works to fund the government’s ambitious Rs 100 lakh crore-plus National Infrastructure Pipeline (NIP) announced earlier this year. In end-July, Union finance minister Nirmala Sitharaman had been quoted saying “work is on [to set up a] development finance institution. What shape it will take, we will know shortly.” Sources say an expert panel, instituted by the Centre to study the need for long-term finance and to recommend the structure and required flow of funds through such institutions, has submitted its suggestions. The finance ministry is reviewing the panel’s
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