What is the purpose of national infrastructure pipeline?
The objective of the National Infrastructure Pipeline is to act as an enabler to provide and infuse the funds that India would need for infrastructure development by 2030.
What is national infrastructure pipeline project?
National Infrastructure Pipeline. The National Infrastructure Pipeline (NIP) for FY 2019-25 is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improving their quality of life. It aims to improve project preparation and attract investments into infrastructure.
What is NIP when was it launched?
The National Infrastructure Pipeline (NIP) is a group of social and economic infrastructure projects slated to be established over a period of five years with an initial sanctioned amount of ₹102 lakh crore. The NIP was first announced in 2019 during the Independence Day speech by Prime Minister Narendra Modi.
Who headed the task force on NIP?
Nirmala Sitharaman. 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 Smt.
What is National Infrastructure Pipeline PIB?
Keeping this objective in view, National Infrastructure Pipeline (NIP) was launched with projected infrastructure investment of around 111 lakh crore (US$ 1.5 Trillion) during 2020-2025 to provide world- class infrastructure across the country.
What is critical national infrastructure?
Critical infrastructure (or critical national infrastructure (CNI) in the UK) is a term used by governments to describe assets that are essential for the functioning of a society and economy – the infrastructure.
What is infrastructure Upsc?
Infrastructure is the support system of industrial and agricultural production, and foreign and domestic businesses. It is the basic organisational and physical structure that is required to run a business smoothly.
Who heads National Infrastructure Pipeline?
The task force headed by Atanu Chakraborty, the economic affairs secretary in the finance ministry, on National Infrastructure Pipeline, in May 2020, submitted its final report to the Finance Minister.
What is National Infrastructure Pipeline 2020 25?
National Infrastructure Pipeline is the investment plan unveiled by the Central Government for enhancing infrastructure in identified sectors for a period of five years from 2020-25.
What is the disinvestment target for fy22?
Finance minister Nirmala Sitharaman, in the Budget, also lowered the divestment target for FY21-22 to ₹78,000 crore from ₹1.75 lakh crore, indicating that major divestment proceeds expected from Life Insurance Corporation of India’s IPO and strategic divestments of BPCL and others may not come through by March 2022.
What is India Investment grid?
India Investment Grid (IIG) is an interactive and dynamic national web portal showcasing information on investible projects across India. With the help of IIG, investors can view, follow and register interest in projects across states, sectors and government schemes in India.
What is the summary report of Task Force on national infrastructure pipeline?
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. Union Finance Minister Smt. Nirmala Sitharaman in her Budget speech 2019-20 announced that Rs. 100 lakh crore would be invested on infrastructure over the next five years.
What is the National Infrastructure pipeline (Nip)?
The National Infrastructure Pipeline (NIP) for FY 2019-25 is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improving their quality of life. It aims to improve project preparation and attract investments into infrastructure.
What is the National Infrastructure Pipeline online dashboard?
Finance Minister launches an Online Dashboard for the National Infrastructure Pipeline. The online dashboard is envisaged as a one stop solution for all stakeholders looking for information on infrastructure projects in New India. The dashboard is being hosted on the India Investment Grid (IIG) ( indiainvestmentgrid.gov.in ). When was it announced?
Why do we need a new infrastructure pipeline?
The pipeline will enable better project preparation, reducing aggressive bids/failure in project delivery and ensuring enhanced access to sources of finance as a result of a boost in investor confidence. In the past, infrastructure funding has proved to be a challenge.