- The Union Minister of Finance, Nirmala Sitharaman, presided over the 5th Governing Council Meeting of the NIIF.
- The primary objective of the meeting was to approve significant updates regarding bilateral engagements under the NIIF.
- At the event, a Memorandum of Understanding (MoU) was signed between NIIF Ltd and the Japan Bank for International Cooperation (JBIC), to promote Japanese investments in the country.
- This led to the creation of NIIF’s first bilateral fund, namely, an “India Japan Fund”.
- The Governing Council also reviewed the current status of the three funds of the NIIFL:
- Master Fund
- Fund of Funds
- Strategic Opportunities Fund
- NIIFL was established in 2015 with its headquarters in Mumbai. The current MD & CEO of the company is Sujoy Bose.
Question:
Q.1 The 5th National Investment and Infrastructure Fund (NIIF) Governing Council Meeting was presided over by?a. Droupadi Murmu
b. Narendra Modi
c. Nirmala Sitharaman
d. Piyush Goel
