FM announces setting up of NIIF
Posted on: 2015-05-28 Posted by: CLAT Gurukul Category: Archive Blog
Finance minister Arun Jaitley had announced the setting up of the National Investment and Infrastructure Fund(NIIF) in the Union Budget. The note is likely to be taken up by the Cabinet within a month's time. The National Investment and Infrastructure Fund is likely to have an initial corpus of less than Rs 20,000 crore. The finance ministry is likely to seek the Parliament's nod for supplementary funds once the Cabinet has given its nod. Source: Money Control Note: For more updates on topics asked in CLAT, keep visiting CLAT Gurukul which is a knowledge sharing initiative of The Knowledge Tree, Patna's premier coaching institute for CLAT and for other law entrance exams like AILET, SET, LSAT etc.