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Government Has Amended Insolvency Act To Introduce Predefined Resolution Procedure For Msme - सरकार ने Msme के लिए दिवाला कानून में किया संशोधन, जानिए इससे कैसे होगा फायदा

Government Has Amended Insolvency Act To Introduce Predefined Resolution Procedure For Msme - सरकार ने Msme के लिए दिवाला कानून में किया संशोधन, जानिए इससे कैसे होगा फायदा
amarujala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from amarujala.com Daily Mail and Mail on Sunday newspapers.

Govt amends IBC, introduces pre-packaged resolution process for MSMEs

Govt amends IBC, introduces pre-packaged resolution process for MSMEs
businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.

Cabinet clears Bill on setting up DFI with capital infusion of Rs 20,000 cr

The Cabinet has cleared a Bill to set up a government-owned development finance institution (DFI) with initial paid-up capital of Rs 20,000 crore so that it can leverage around Rs 3 trillion from the markets in a few years to provide long-term funds to infrastructure projects as well as for development needs of the country. To put it in perspective, Rs 3 trillion constitutes slightly less than 3 per cent of the Rs 111 trillion to be spent on over 7,000 projects in the National Infrastructure Pipeline from 2019-20 to 2024-25. Besides, the government will give Rs 5,000 crore as grant to the institution, Finance Minister Nirmala Sitharaman on Tuesday told the media after the Cabinet meeting.

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