Who is the chairman of a governing council formed to oversee the activities of the National Investment and Infrastructure Fund (NIIF)?
Who is the chairman of a governing council formed to oversee the activities of the National Investment and Infrastructure Fund (NIIF)?
[A]Prime Minister
[B]Finance Minister
[C]Commerce Minister
[D]Vice Chairman, Niti Aayog
Finance Minister
A Governing Council under the chairmanship of Union Finance Minister was formed to oversee the activities of the National Investment and Infrastructure Fund (NIIF). The members of the Council are Financial Services Secretary, SBI Chairperson Arundhati Bhattacharya, investment banker Hemendra Kothari and former Infosys Director T V Mohandas Pai. The mandate of the Council is approval of guidelines for investment of Trust property/Corpus of NIIF and parameters for appointment and performance of investment managers/ advisors. NIIF is a contributory and determinate investment trust, under the provisions of the Indian Trusts Act, 1882.
