Talks on NIIF in Ad­vance Stages

The Economic Times - - Economy -

New Delhi: The gov­ern­ment is in ad­vance stages of talks with sovereign wealth funds for the Na­tional In­vest­ment and In­fra­struc­ture Fund (NIIF) and will also fi­nalise the ap­point­ment of the fund’s CEO soon, eco­nomic af­fairs sec­re­tary Shak­tikanta Das has said. “We should see some ac­tion on this front soon,” Das said at CII’s an­nual sum­mit. Finance Min­is­ter Arun Jait­ley had an­nounced the set­ting up of NIIF in the bud­get of 2015-16 to finance the in­fra­struc­ture sec­tor.

Das said while var­i­ous steps have been taken to im­prove about ease of do­ing busi­ness, and the im­ple­men­ta­tion of the goods and ser­vice tax bill would make the big­gest con­tri­bu­tion to this ex­er­cise. “The ad­min­is­tra­tive ma­chin­ery is fully ready to roll out GST…we hope that the par­lia­ment will ap­pre­ci­ate the ur­gency of this bill,” Das added.

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