BANKING AFFAIRS

Detailed explanation-1: -Its key focus investment areas include Consumer, Media & Technology, Life Sciences & Agri-Food, and Non-bank Financial Services. Temasek has held overall corporate global credit ratings of “Aaa/AAA” by rating agencies Moody’s and Standard & Poor’s respectively since its inaugural credit ratings in 2004.

Detailed explanation-2: -The Governing Council of the National Investment and Infrastructure Fund (NIIF) is chaired by the Hon’ble Finance Minister of India and has members from corporate bodies, investments and policy sectors. The Governing Council meets once a year and provides suggestions of the overall strategic decisions of the NIIFL.

Detailed explanation-3: -National Investment and Infrastructure Fund (NIIF) was set up as a sovereign wealth fund and is registered with the Securities and Exchange Board of India (SEBI) under SEBI Regulations, 2012 as a Category II Alternate Investment Fund (AIF). It provides long-term capital for infra-related projects.

Detailed explanation-4: -Types of NIIF Funds Currently, the NIIF is managing the Master Fund, Fund of Funds, and Strategic Fund. NIIF funds were found to primarily invest in the infra-related projects across the country by building the capital from both domestic and international investors.