Page 19 - Development Na News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The unquestioned central value of infrastructure expenditure. The budget of February 1, 2021 looks to kickstart the expenditure of Rs 100 trillion national infrastructure pipeline – which is the foundation to achieving a $ 5 trillion GDP economy by 2024-2025. The multiplier effect of infrastructure to connect markets, power industries and businesses and thereby boost demand as well as complement private investment is universally acknowledged. Launch of NaBID. A bold instrument signaled by the Budget speech is to establish a Development Finance Institution (DFI) called “National Bank for...

Government to introduce bills to set up DFI, Digital Currency SECTIONS Share Synopsis “To set up a new DFI as a provider, enabler and catalyst for infrastructure financing,” the NaBFID Bill 2021 purpose of statement noted, adding that NaBFID will be the, “principal financial institution and development bank for building and sustaining a supportive ecosystem across the life cycle of infrastructure projects.” Agencies The government will also introduce the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 The government will set up National Bank for Financing Infrast...

The Centre plans to bring in a series of bills that will usher in reforms in various sectors

Updated Jan 30, 2021 | 07:00 IST The government seeks to ban all private cryptocurrencies in India such as bitcoin, Ripple and Ether and seeks to create a national digital currency. It also seeks to create a development finance institution Govt lists bill to ban all cryptocurrencies, create official digital currency of India  |  Photo Credit: Thinkstock New Delhi: The government has listed a bill to ban private cryptocurrencies in India such as Bitcoin, Ether, Ripple among others. The Budget session of the 17th Lok Sabha will also consider the introduction...

The 20 new bills include the Finance Bill where Parliament will clear proposals of the Union Budget after it is presented on February 1.