Cabinet clears IIFCL's IPO plans; modalities being finalised, likely next fiscal: MD Rohit Rishi
GS3Economy · S&T · Environment · Security· Capital markets & SEBI· Prelims·
Why in news
The Cabinet approved the IPO plans for India Infrastructure Finance Company Ltd (IIFCL) to support the government's disinvestment and asset monetisation strategy.
Background
IIFCL is a company providing long-term financial assistance for infrastructure projects. The Department of Investment and Public Asset Management (DIPAM) granted the approval for the IPO, with proceeds intended for government disinvestment.
Facts for Prelims
- BodyDIPAM: Department of Investment and Public Asset Management oversees government disinvestment.
- FactIIFCL: Provides long-term financial assistance specifically for infrastructure projects.
- FactIPO Proceeds: Allocated towards the government's disinvestment and asset monetisation strategy.
For Mains
Q. Discuss the role of public-sector infrastructure financing institutions in achieving the government's asset monetisation goals and infrastructure development targets.
Dimensions to cover in your answer
- Fiscal strategy: Balancing the liquidation of public assets with the need for sustained long-term infrastructure funding
- Operational efficiency: Leveraging technology to diversify funding bases and improve operational transparency in public-sector finance
Keywords: Asset Monetisation · Disinvestment · Capital Markets · Infrastructure Financing · Public-Private Partnership
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