Task Force on NIP submits final report to Finance Minister

The Task Force on National Infrastructure Pipeline (NIP) submitted its Final Report on NIP for FY 2019-25 to the Union Minister for Finance & Corporate Affairs. The Summary Report of the Task Force on National Infrastructure Pipeline for 2019-2025 has already been released by the Finance Minister on December 31st, 2019.

Daily Current Affairs Quiz 2020

Key-Points

The taskforce of NIP aims to provide world-class infrastructure across the country and improve the quality of life for all citizens.

The main objective is to improve the project preparation, attract investments both domestic and foreign into infrastructure which will be crucial for the target of becoming a $5 trillion economy by FY 2025.

The report contained infrastructure trends in India along with global trends in all sectors of infrastructure.

The report identified a set of reforms to scale up and propel infrastructure investments in various sectors throughout the country.

It suggested methods and means of financing the NIP through deepening Corporate Bond markets, including the Municipal Bonds, setting up Development Financial Institutions for the infrastructure sector, accelerating Monetisation of Infrastructure Assets, Land monetization, etc.