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Two Tamil Finance Ministers set up infra lender


Two Tamil Finance Ministers set up infra lender
Two Tamil Finance Ministers set up infra lender
Last Updated: Wed, Mar 17th, 2021, 09:11:05hrs
Chennai: Setting up of financial institutions to fund infrastructure projects is one of the common threads between Finance Minister Nirmala Sitharaman and former Finance Minister P. Chidambaram.
It was in 1996 that the then Finance Minister P. Chidambaram from Tamil Nadu during his budget speech announced the setting up of the Infrastructure Development Finance Company Ltd (IDFC) to fund the infrastructure projects.
Infrastructure needs long-term finance, typically 15-20 year financial instruments. However, it has not been possible to float such instruments in the Indian market so far. Hence, I am proposing the establishment of an Infrastructure Development Finance Company (IDFC), Chidambaram had then said. ....

Tamil Nadu , Infrastructure Development Finance Company , Development Financial Institution , Union Cabinet On , Tamilian Finance Minister , Union Cabinet , தமிழ் நாடு , உள்கட்டமைப்பு வளர்ச்சி நிதி நிறுவனம் , வளர்ச்சி நிதி நிறுவனம் , தொழிற்சங்கம் மந்திரி சபை ஆன் , தமிழன் நிதி அமைச்சர் , தொழிற்சங்கம் மந்திரி சபை ,

Two Tamil Finance Ministers set up infra lenders


Two Tamil Finance Ministers set up infra lenders
​ By
Venkatachari Jagannathan ( IANS)
|
Published on
​ Tue, Mar 16 2021 20:42 IST
|
​ 3 Views
FM s comment on crypto brings relief to industry. Image Source: IANS News
Chennai, March 16 : Setting up of financial institutions to fund infrastructure projects is one of the common threads between Finance Minister Nirmala Sitharaman and former Finance Minister P. Chidambaram.
It was in 1996 that the then Finance Minister P. Chidambaram from Tamil Nadu during his budget speech announced the setting up of the Infrastructure Development Finance Company Ltd (IDFC) to fund the infrastructure projects.
Infrastructure needs long-term finance, typically 15-20 year financial instruments. However, it has not been possible to float such instruments in the Indian market so far. Hence, I am proposing the establishment of an Infrastructure Development Finance Company (IDFC), Chidambaram had then ....

Tamil Nadu , Nirmala Sitharaman , Venkatachari Jagannathan , Infrastructure Development Finance Company , Development Financial Institution , Infrastructure Development Finance Company Ltd , Union Cabinet On , Finance Minister Nirmala Sitharaman , Finance Minister , Tamilian Finance Minister , Union Cabinet , தமிழ் நாடு , உள்கட்டமைப்பு வளர்ச்சி நிதி நிறுவனம் , வளர்ச்சி நிதி நிறுவனம் , உள்கட்டமைப்பு வளர்ச்சி நிதி நிறுவனம் லிமிடெட் , தொழிற்சங்கம் மந்திரி சபை ஆன் , நிதி அமைச்சர் , தமிழன் நிதி அமைச்சர் , தொழிற்சங்கம் மந்திரி சபை ,