Key Points
Economic Affairs Secretary Ajay Seth has said that a draft Bill for setting up a National Financial Information Registry (NFIR) is almost ready and it may be introduced in the July session..
The objective is to build a public infrastructure for credit-related information and the right information can be made available by the NFIR to lending agencies...
A National Financial Information Registry will serve as the central repository of financial and ancillary information..
Talking about the benefits of large outlay on capital expenditure, Seth said, it has a multiplier effect on the economy, attracts private investment and generates jobs for factory workers, skilled, semi-skilled and unskilled persons...
The government in the Interim Budget 2024-25 has hiked capital expenditure (capex) by 11.1 per cent to Rs 11.11 lakh crore for the next financial year from Rs 9.5 lakh crore estimated for the current financial year...
