On Tuesday, the Finance Ministry announced the induction of two new members to the governing council of the National Investment and Infrastructure Fund Trustee Ltd (NIIFTL). This council plays a crucial role in providing strategic guidance on various matters, including the investment of NIIF’s corpus.
The newly appointed members are C S Setty, the Chairman of the State Bank of India (SBI), who replaces Dinesh Khara. Setty’s appointment follows the retirement of Khara, who had served as the SBI Chairman. The second new member is Uday Kotak, a veteran banker and director at Kotak Mahindra Bank, who takes over from T V Mohandas Pai.
These nominations were made with the approval of Finance Minister Nirmala Sitharaman, who serves as the Chairperson of the Governing Council. A circular issued by the Department of Economic Affairs, under the Ministry of Finance, confirmed the appointments.
Other members of the Governing Council include Ajay Seth, Secretary of the Department of Economic Affairs, M Nagaraju, Secretary of the Department of Financial Services, and Hemendra Kothari, Chairman of DSP Group.
The National Investment and Infrastructure Fund (NIIF), a quasi-sovereign wealth fund with a corpus of Rs 40,000 crore, was established in December 2015. Its primary aim is to enhance infrastructure financing by investing in greenfield (new), brownfield (existing), and stalled projects.
In November 2020, the Union Cabinet approved a proposal for a Rs 6,000 crore equity infusion into the NIIF Debt Platform. This platform, sponsored by NIIF, includes Aseem Infrastructure Finance Ltd (AIFL) and NIIF Infrastructure Finance Ltd (NIIF-IFL).
UDAY KOTAK HAS ONE OISHARYA DAS ( MUKHERJEE) FILES FAKE FIR STATING SHES MARRIED TO CENTRUUM WEAKTH DIRECTOR Sandeep DAS HAVING 2SONS
WHICH IS COMPLETELY FAKE SINCE HER EX FATHER IN LAW BEGGING ME & BLOCKING MY Projects PAST 2000 YEAR , CRIMINAL Offence COMMITTED BY DIRECTOR OF KOTAK , ALSO OISHARYA DAS SINGS INSIDER’S TRADING VOUCHERS WHICH AS PER SEBI IS ILLEGAL