Current Context: National Highway Authority of India (NHAI) has decided to establish Infrastructure Investment Trust (InvIT), which will be India’s first government or semi-government trust.
- The InvIT will be promoted under the Indian Trust Act, 1882 and SEBI Regulations, 2014.
- The Infrastructure Investment Trust (InvIT) will facilitate investment in highway sector. For this purpose, a new company will be setup which will act as an investment manager to NHAI InvIT
- It will mobilize resources from market for monetizing completed highway projects of NHAI that have a toll collection track record of atleast one year.
- Static Part:
- HQ of NHAI: New Delhi
- Chairman of NHAI: Dr Sukhbir Singh Sandhu
- HQ of SEBI: Mumbai
- Chairman of SEBI: Ajay Tyagi
Question:
Q.1 Which of the following organisation has decided to set up Infrastructure Investment Trust (InvIT)?
a. NHAI
b. NABARD
c. RBI
d. NITI Aayog
a. NHAI
b. NABARD
c. RBI
d. NITI Aayog
