{"id":405260,"date":"2021-03-17T09:20:09","date_gmt":"2021-03-17T03:50:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=405260"},"modified":"2021-03-17T10:09:59","modified_gmt":"2021-03-17T04:39:59","slug":"centre-to-infuse-rs-20000-cr-in-development-finance-institution-to-boost-infrastructure-funding","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centre-to-infuse-rs-20000-cr-in-development-finance-institution-to-boost-infrastructure-funding\/","title":{"rendered":"Centre to infuse Rs 20,000 cr in Development Finance Institution to boost infrastructure funding"},"content":{"rendered":"<p>The Centre on Tuesday approved setting up of a Development Finance Institution to pump in funds into infrastructure projects, Finance Minister Nirmala Sithraman said. <\/p>\n<p>The Union Cabinet, at a meeting chaired by Prime Minister Narendra Modi, also proposed to grant Rs 20,000 crore as equity support to the Development Finance Institution (DFI) which is expected to raise Rs 3 lakh crore through markets over the next few years.<\/p>\n<p>The Finance Minister will introduce a Bill in the ongoing session of Parliament to establish the DFI, which was announced in the Union Budget presented last month. <\/p>\n<p>Sitharaman said initially the new institution would be state-owned and the government would gradually reduce its stake to 26 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Centre on Tuesday approved setting up of a Development Finance Institution to pump in funds into infrastructure projects, Finance Minister Nirmala Sithraman said. The Union Cabinet, at a meeting chaired by Prime Minister Narendra Modi, also proposed to grant Rs 20,000 crore as equity support to the Development Finance Institution (DFI) which is expected to raise Rs 3 lakh crore through markets over the next few years. The Finance Minister will introduce a Bill in the ongoing session of Parliament to establish the DFI, which was announced in the Union Budget presented last month. Sitharaman said initially the new [&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":[146,130,178],"tags":[],"class_list":["post-405260","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-roads-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405260","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=405260"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/405260\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=405260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=405260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=405260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}