Government setting up investment board

The Union Cabinet is likely to consider the proposal for setting up a National Investment Board (NIB) this week. Such a mechanism intends to expedite decisions on approval/clearances of projects with investment of Rs 1,000 crore and above. The panel will expedite clearance for projects over Rs 1,000 cr
This proposal is high on the agenda of the Government. It is expected that the Cabinet in its next meeting may take a call on this. The proposed body will be a Cabinet Committee with the Prime

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