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India will spend nearly Rs 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today. ....
» India sets up a new bank for big infrastructure projects as it aims to raise $41 billion in a few years India sets up a new bank for big infrastructure projects as it aims to raise $41 billion in a few years Prabhjote GillMar 16, 2021, 16:39 IST India s Finance Minister Nirmala SitharamanBCCL The Indian government has given its stamp of approval to set up a new national bank that will fund the country’s long term infrastructure and development projects. According to Nirmala Sitharaman, India’s finance minister, the government is hoping that the Development Fund Institution (DFI) will raise ₹3 lakh crore over the next few years.India’s Finance Minister Nirmala Sitharaman announced that the Indian government has approved the setting up of a Development Fund Institution (DFI). The new national bank will use the markets to raise capital and put those funds into long-term projects. ....