NIFR India: Bill for NFIR almost ready; likely to be introduced in next session: DEA Secretary

The government is preparing a draft Bill for the establishment of the National Financial Information Registry (NFIR), which will serve as a central repository of financial and ancillary information. The objective is to provide lending agencies with the right credit-related information. Economic Affairs Secretary Ajay Seth stated that the draft Bill is almost ready and may be introduced in the July session.

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