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Investment norms for NIIF may be tweaked: Das

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The government is looking to tweak the investment norms for National Investment and Infrastructure Fund ( NIIF) to allow investors to co- invest in this sovereign wealth fund as also in the individual projects.
The norms would be tweaked within the broad framework of the investment to take into account suggestions from the domestic and foreign investors, Economic Affairs Secretary Shaktikanta Das said on Thursday.
Das also expressed hope the retail inflation would remain at five per cent this financial year, in line with the Reserve Bank of India’s projection, and help India develop into a low- cost economy in terms of lower interest rates, transaction costs and logistics costs.
Das further said Indias economy is likely to grow at eight per cent this year.
“With a good monsoon which we expect this year, with the passage of GST, which also the government is very confident that it will happen in the monsoon session of the Parliament and the cumulative result of all reform measures being taken, this year we are looking at eight per cent growth,” Das said.
Business Standard New Delhi,10th June 2016

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