{"id":398375,"date":"2021-02-02T08:28:37","date_gmt":"2021-02-02T02:58:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398375"},"modified":"2021-02-02T08:43:52","modified_gmt":"2021-02-02T03:13:52","slug":"budget-2021-massive-spending-commitment-for-infra-new-dfi-on-the-cards","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-2021-massive-spending-commitment-for-infra-new-dfi-on-the-cards\/","title":{"rendered":"Budget 2021: Massive spending commitment for infra; new DFI on the cards"},"content":{"rendered":"<p>The creation of a development finance institution (DFI) will meet one of the major demands of the infrastructure sector. This will not be the first time such an institution will be created for meeting the long-term financing needs of the sector. Union Finance Minister Nirmala Sitharaman announced that a new law will be enacted to create the institution, which will be a provider, enabler, and catalyst for infrastructure financing. <\/p>\n<p>Sitharaman said the government\u2019s National Infrastructure Pipeline (NIP) \u2014 that lays specific targets \u2014 will require a major increase in funding, both from the government and the financial sector. She planned to tackle this by creating institutional structures, monetising assets, and by enhancing the share of capital expenditure in central and state budgets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The creation of a development finance institution (DFI) will meet one of the major demands of the infrastructure sector. This will not be the first time such an institution will be created for meeting the long-term financing needs of the sector. Union Finance Minister Nirmala Sitharaman announced that a new law will be enacted to create the institution, which will be a provider, enabler, and catalyst for infrastructure financing. Sitharaman said the government\u2019s National Infrastructure Pipeline (NIP) \u2014 that lays specific targets \u2014 will require a major increase in funding, both from the government and the financial sector. She planned [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,168],"tags":[],"class_list":["post-398375","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-roads-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=398375"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398375\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}