Finance Minister Arun Jaitley Reviews Sovereign Wealth Fund Status

Finance Minister Arun Jaitley Reviews Sovereign Wealth Fund Status

holds forty nine according tocent at the same time as the rest will be held with the aid of private buyers.

The Council turned into additionally apprised of the refinement within the structure of NIIF pursuant to discussions with investors.

NIIF can have diverse areaspecific or investor-unique close ended Finances and they’d issuenumerous instructions of units. authorities in conjunction with other investor(s) will join the devices ofdiverse Price range.

“The Reputation of projects shortlisted for initial Funding with the aid of the NIIF and the choicetechnique of Chief Government Officer were additionally positioned before the Council,” the ministrysaid, including that a internet site for NIIF became launched on Wednesday.

This assembly was attended by using Economic Affairs Secretary Shaktikanta Das, Monetary ServicesSecretary Anjuly Duggal, Country Bank of India chairperson Arundhati Bhattacharya and previous Infosys director T V Mohandas Pai.
Story first posted on: June 09, 2016 00:02 (IST)

Tags: Arun Jaitley, Countrywide Investment and Infrastructure Fund, NIIF, sovereign wealth fund