Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: VAT RATES :: TDS :: articles on VAT and GST in India :: empanelment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: cpt :: form 3cd :: due date for vat payment :: ACCOUNTING STANDARD :: VAT Audit :: ACCOUNTING STANDARDS
 
 
« General »
 Tax Department To Launch 2nd Phase Of Bank Accounts' Scrutiny Next Month
 How to claim tax benefit on tuition fees under Section 80C
 Online Income Tax grievance redressal facility launched at 60 offices
 Demonetisation impact on government tax revenue marginal; direct tax personal income grew at above budget estimates
 ICAI seeks more accountability, transparency in defence sector
 Will Budget help double farmers’ income?
 Verify online deposits made post demonetisation, income tax department asks taxpayers
 Union Budget 2017: Best budget is do not change anything, do no harm, implement well
 Why salaried class deserves standard deduction
 3 new taxes that Modi government could introduce, but won't
 Tax gains may showcase demonetisation windfall

Formation of Search-cum-Selection Committee (SC) for selecting a CEO for the Investment Management Company, under the National Investment and Infrastructure Fund (NIIF)
October, 20th 2015
                                             Government of India
                                              Ministry of Finance
                                        Department of Economic Affairs

                                           **********************
                                                Press Release


Subject:- Formation of Search-cum-Selection Committee (SC) for selecting a CEO for the
Investment Management Company, under the National Investment and Infrastructure Fund
(NIIF)

        With a view to maximizing economic impact mainly through infrastructure development in
commercially viable projects, both greenfield and brownfield, including stalled projects, Government
has approved the creation of National Investment and Infrastructure Fund (NIIF) which aims to attract
investment from both domestic and international sources.




2.      The NIIF will be established as a Trust/other legal entity from the point of view of taxation
and flexibility. There will be a Governing Council of the NIIF which will have Government
representatives and experts in international finance, eminent economists and infrastructure
professionals. It could include representatives from other non-Government shareholders. The terms
and period of appointment of the Governing Council of the NIIF will be as decided by the
Government. The Governing Council will oversee the activities of the Trust and will be constituted as
a separate legal entity, if necessary.

3.       The Investment Management Company would actually be responsible for taking investment
decision of NIIF corpus. The Government's share in the corpus shall not exceed 49%. The
shareholding of the company would reflect the shares of the different investors in the corpus. The
salaries of the Investment Team would be market linked. The salary of the Chief Executive Officer
of the Company would be market linked and he would be expected to achieve ambitious
performance goals with rigorous management output.





4.      Accordingly, it has been decided to constitute a Search-cum- Selection Committee (SC) for
selecting a CEO for the Investment Management Company. The composition of the SC is as below:-


    ( i)           Shri Shaktikanta Das, Secretary, DEA -                   Chairman
    ( ii)          Ms Anjuly Chib Duggal,Secretary, DFS -                   Member
    ( iii)         Ms Arundhati Bhattacharya            _                   Member
    ( iv)          Dr Rathin Roy                        _                   Member
    ( v)           Dr Rajiv Kumar                         _                   Member


                                                                                                   (Chanchal C Sarkar)
                                                                                                         Director (NIIF)
----------------------------------------------------------------------------------------------------------------
         File No. 10/33/2014-Invt                                                        Dated: 14th October, 2015




Press Information Bureau is requested to give wide publicity to this Press Release.

Press Information Officer,
Press Information Bureau
New Delhi

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Vision

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions