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.
The objective is to build a public infrastructure for credit-related information and the right information can be made available by the NFIR to lending agencies.
According to the expenditure plan prepared by the finance ministry for FY25, the government is looking to fund green projects and schemes worth ₹32,062 crore, compared to ₹22,324 crore this fiscal, the official told ET. The funding requirement has been prepared based on proposals submitted by various ministries. While the exact quantum of green bonds that will be issued in the next fiscal will be determined when the government finalises its borrowing calendar, given the higher funding needs, it may issue such papers worth ₹25,000-30,000 crore in FY25, up from ₹20,000 crore this year, the official said.
Discover the huge potential of Corporate NPS in the MSME sector in Varanasi. National Pension scheme (NPS) is a worthy alternative for those working in the unorganized sector, with no formal pension arrangements and doing retirement planning on their own.