Govt panel to select CEO of national investment management fund
Source: PIB, Government of India A search-cum- selection committee has been constituted under the chairmanship of Shaktikanta Das, Secretary, Department of Economic Affairs, Ministry of Finance, for selecting a CEO for the Investment Management Company under the National Investment and Infrastructure Fund (NIIF). Other Members of the Search cum Selection Committee are: (i) Anjuly Chib Duggal,Secretary, DFS— Member (ii) Arundhati Bhattacharya— Member (iii) Rathin Roy— Member (iv) Rajiv Kumar— Member The Investment Management Company would actually be responsible for taking investment decision of NIIF corpus. The government’s share in the corpus shall not exceed 49%. The shareholding of the company would reflect the shares of the different investors in the corpus. The salaries of the Investment Team would be market linked. ...
Excise duties on petrol and diesel to fund roads & infra projects
Sai Nikesh | The Dollar Business Various proposals that were made in the Union Budget 2015-16 to ensure a greater stability in economy and the development of petroleum & natural gas, are also expected to give an additional boost to the infrastructure development. To fund the investment in roads and other infrastructure to the extent of Rs 40,000 crore, the proposals sought for an increase in effective rates of additional excise duties imposed on petrol and diesel from Rs 2 per litre to Rs 6 per litre. To boost the investments in infrastructure, a National Investment and Infrastructure Fund is being established and to this effect, a public –private-partnership mode of development would be revitalized with a view to ...
