{"id":430233,"date":"2021-08-12T08:07:01","date_gmt":"2021-08-12T02:37:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430233"},"modified":"2021-08-12T08:37:46","modified_gmt":"2021-08-12T03:07:46","slug":"gadkari-pitches-for-using-rbis-rising-forex-reserves-for-infra-development","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gadkari-pitches-for-using-rbis-rising-forex-reserves-for-infra-development\/","title":{"rendered":"Gadkari pitches for using RBI&#8217;s rising forex reserves for infra development"},"content":{"rendered":"<p>Union Road Transport and Highways minister Nitin Gadkari on Wednesday pitched for formulating a policy for using the Reserve Bank of India&#8217;s rising foreign exchange reserves for funding road projects, saying the country needs low cost finance for such infrastructure projects. <\/p>\n<p>Addressing a virtual event organised by industry body CII, Gadkari further said that the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry&#8217;s Power Finance Corporation (PFC). <\/p>\n<p>&#8220;We have a surplus of dollar reserves in the country. I have decided to talk with the RBI Governor, about how we can formulate a policy by which we can use this foreign exchange reserves for development of infrastructure in the country,&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Union Road Transport and Highways minister Nitin Gadkari on Wednesday pitched for formulating a policy for using the Reserve Bank of India&#8217;s rising foreign exchange reserves for funding road projects, saying the country needs low cost finance for such infrastructure projects. Addressing a virtual event organised by industry body CII, Gadkari further said that the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry&#8217;s Power Finance Corporation (PFC). &#8220;We have a surplus of dollar reserves in the country. I have decided to talk with the RBI Governor, about how we can formulate a [&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-430233","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\/430233","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=430233"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430233\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}