Government to set up INR 40K crore NIIF

Q.  Government will be setting up a INR 40K crore NIIF. What does NIIF stand for?
- Published on 30 Dec 15

a. National Innovation and Infrastructure Fund
b. National Investment and Infrastructure Fund
c. National Innovation and Investment Fund
d. None of the above

ANSWER: National Investment and Infrastructure Fund
 
Government will be setting up a INR 40 k crore National Investment and Infrastructure Fund. Its chief executive will be finalised towards the end of January. IIFC has been appointed as the investment advisor and IDBI Capital Market Services Ltd has been appointed as advisor. NIIF has constituted a search cum selection committee under CCEA Secretary Shanktikanta Das for selection of the CEO of NIIF.

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