Current Affairs

Task Force for Infra Projects by Finmin

Current context: The Finance Minister has constituted a task force to draw up a National Infrastructure Pipeline worth $1.4 trillion.
Task Force for Infra Projects by Finmin
  • The task force is headed by the secretary of the Department of Economic Affairs (DEA).
  • The National Infrastructure Pipeline would be set up for each of the years from FY 2019-20 to FY 2024-25.
  • The decision has been taken as India needs to spend about $1.4 trillion (Rs. 100 lakh crore) to achieve the GDP of $5 trillion by 2024-25.
  • The other members of the task force include CEO, NITI Aayog or his nominee, Secretary, Department of Expenditure, Ministry of Finance or his nominee, Secretary of the Administrative Ministry, Additional Secretary (Investment), Department of Economic Affairs, joint Secretary, Infrastructure Policy & Finance Division, DEA.
  • The National Infrastructure Pipeline would include Greenfield and brownfield projects costing above Rs 100 crore each.
  • The Task Force will submit its report on the pipeline for FY 2019-20 by 31st October 2019 and by 31st December 2019 on the indicative pipeline for FY 2021-25.

Question: 

Q.1 The task force on the National Infrastructure Pipeline recently constituted by the Finance Ministry is headed by?
a. CEO, NITI Aayog
b. Secretary, Department of Expenditure, Ministry of Finance
c. Joint Secretary, Infrastructure Policy & Finance Division, DEA
d. Secretary of Department of Economic Affairs (DEA)
Task Force for Infra Projects by Finmin Task Force for Infra Projects by Finmin Reviewed by Neha Verma on September 08, 2019 Rating: 5

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