GK and monthly revision

Govt pledges extra Rs 30,000 crore for NIIF, move to spur infra investments, says finance ministry

The Indian government has announced a significant increase in its commitment to the National Investment and Infrastructure Fund (NIIF), raising the total to Rs 60,000 crore by approving an additional Rs 30,000 crore. This initiative is aimed at enhancing investments in vital sectors such as transportation, energy, and digital infrastructure, which are crucial for economic growth and job creation. The move aligns with India's goal to become a developed nation by 2047, especially in the context of global economic challenges.