Home  /  Daily Current Affairs  /  18-11-2022 / National Investment and Infrastructure Fund (NIIF)

National Investment and Infrastructure Fund (NIIF)

Posted on November 18, 2022 by admin1  1558

In News 

The Union Minister for Finance & Corporate Affairs  has urged the National Investment and Infrastructure Fund (NIIF) to expand its operations and explore ways to crowd in private capital for projects under the National Infrastructure Pipeline, PM Gati Shakti and National Infrastructure Corridor. 

About NIIF

  • It is an Indian-government backed entity established to provide long-term capital to the country’s infrastructure sector.
  • Budget 2015 set the ball rolling for its creation and NIIF was set up as an alternative investment fund (AIF) in December 2016
  • It is is a collaborative investment platform for international and Indian investors
  • It invests across Infrastructure and Growth Equity.
  •  It has developed into an internationally credible and commercially viable investment platform, backed by several highly respected global and domestic investors who have invested alongside the Government of India in NIIF Funds.
  • NIIF’s first bilateral fund – an “India Japan Fund” with contribution from GoI has been proposed through an MoU between National Investment and Infrastructure Fund Limited (NIIFL) and Japan Bank for International Development (JBIC). 

Source:PIB

 
Previous article Unsung Martyrs of Mangarh
Next article International Tourism Mart (ITM) for the NorthEast

Other News of the Day

In News The Centre recently moved the Supreme Court seeking a review of its order prematurely releasing six convicts serving life imprisonment for the assassination of former Prime Minister Rajiv Gandhi in 1991. About A judgement of the Supreme Court becomes the law of the land, according to the Constitution. It is final because it...
Read More

In News Recently, Hyderabad researchers found a remedy to stop progression of rare genetic disease. About CTX Data: Only four CTX cases have so far been medically documented in India.  About the disease: It is a lipid-storage skin disease with no known medical cure but its progression can be stopped. It is a rare autosomal...
Read More

In News Recently, the Prime Minister In his address to the Indian diaspora in Bali on the side-lines of the G20 summit mentioned the annual Baliyatra on the banks of the Mahanadi in Cuttack, which celebrates the ancient trade relations between India and Indonesia.  This year’s Baliyatra also found a place in the Guinness World...
Read More

In News India has put forward a proposal to better protect a species of freshwater reptile called the red-crowned roofed turtle (Batagur kachuga) under the Convention on International Trade in Endangered Species (CITES). About Scientific Name : Batagur kachuga  The turtle, native to India and Bangladesh, is at a high risk of extinction  It inhabits...
Read More

In Context  The last date for submission of applications for NMMSS for the year 2022-23 is 30th November 2022.  About NMMSS It is the Central Sector Scheme which  was launched in 2008, after getting approval from CCEA, with the objective to award scholarships to meritorious students of economically weaker sections to arrest their drop out...
Read More

In News  Recently ,The Army has moved its first Light Combat Helicopter (LCH) squadron to Missamari, Assam, in the eastern sector near the Line of Actual Control (LAC).  The Air Force raised its first LCH squadron at Jodhpur in October 2022. About  Army First Light Combat Helicopter (LCH)  It is India’s first indigenously designed and...
Read More

In News The 25th edition of Bengaluru Technology Summit, Karnataka’s annual tech exposition was recently attended by the Union Minister of State for Electronics and Information Technology. He highlighted the potential of India's Semiconductor and electronics manufacturing industry. Potencial of the Semiconductor and electronics sector in India India has a great scope to emerge as...
Read More

In News Recently, NASA stated that rapid warming due to climate change has severely affected the Arctic, with frozen parts of the Earth receding drastically. About the Study: A study by NASA, “The influence of recent and future climate change on spring Arctic cyclones” looked into the influence of both recent and future climate change...
Read More

In News Recently, the report by the Centre for Science and Environment (CSE) found that in just nine months of 2022, India witnessed some form of natural disaster almost every day.  India recorded extreme weather events on 241 of the 273 days between January 1 and September 30, 2022.  About the assessment  The assessment provides...
Read More

In News Recently, the 8th Norway-India Joint Working Group Maritime meeting was held in Mumbai. Indo-Norway joint effort for GREEN MARITIME Sector.  Background : Maritime trade with Norway dates back to 1600.  Norway has the technical expertise in Maritime sector and India has huge potential for development of Maritime sector and large pool of trained...
Read More

In News The Supreme Court directed the Centre and the Indian Air Force to consider granting Permanent Commission (PC) to 32 retired women Short Service Commission (SSC) officers based on their suitability with the purpose of giving them pensionary benefits. The court refused to order their reinstatement in service. Background : The court was hearing...
Read More