Infrastructure got a big boost in the Union Budget 2021-2022 presented by the Finance Minister (FM). The government has chosen to spend big on infrastructure covering sectors such as the road sector, power sector ports,airports sector, urban infrastructure and so on. In its Budget 2021-2022, the Finance Minister emphasized the need to increase funding from the Government and the financial sector for 'National Infrastructure Pipeline' (NIP), which has been expanded to cover 7,400 projects by 2025. The Government intends to achieve the funding by: a) Creating National Bank for Financing Infrastructure and Development (NBFID) which will have a capital base of Rs.20,000...Continue reading
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