International BusinessGovt forms standing committee on infra financing
The government has set up a standing committee on infrastructure finance, which will be headed by Finance Secretary Ashok Chawla, according to a government official. The committee will comprise 11 members, including Planning Commission secretary, RBI deputy governor, Irda chairman, and IIFCL chairman.
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Besides this, the panel will include State Bank of India Chairman O P Bhatt and Larsen & Toubro CMD A M Naik representing infrastructure developers and financial institutions.