CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Cabinet approves hike in authorized capital of India Infrastructure Finance Company Limited (IIFCL) from Rs 6, 000 crore to?

A	Rs 45, 000 crore
B	Rs 35, 000 crore
C	Rs 25, 000 crore
D	Rs 55, 000 crore

Explanation:

Detailed explanation-1: -IIFCL has a total capital of Rs 10,000 crore. The provision for an additional Rs 10,000 crore made in the Budget Estimates of 2021-22 (FY22) towards IIFCL will be utilised for the new institution.

Detailed explanation-2: -The company continued to add value as its networth increased to Rs 11,737 crore in 2021-22 from Rs 10,654 crore in the preceding fiscal. During the year, he said, the company posted record performance with the highest ever sanctions and disbursements at Rs 25,120 crore and Rs 10,445 crore, respectively.

Detailed explanation-3: -IIFCL is focusing on financing greenfield projects of national significance, he said. Such projects include Yamuna International Airport Private Limited (Jewar airport), Navi Mumbai International Airport, Mopa Airport in Goa, SJVN Green Energy Ltd and PNC Meerut Haridwar Highways Pvt Ltd.

There is 1 question to complete.