Nationwide Infrastructure Pipeline: Nationwide Infrastructure Pipeline outlay stands at Rs 109 lakh crore

NIP consists of initiatives applied by all of the states and Union Territories of India and 22 infrastructure ministries, it stated.

NIP is a first-of-its-kind initiative to supply world-class infrastructure throughout the nation and enhance the standard of life for all residents.

It is going to enhance challenge preparation, entice investments (each home and international) into infrastructure, and will probably be essential for attaining the goal of changing into a USD 5 trillion financial system by FY25.

Mahila Samman Financial savings Certificates (MSSC) gives monetary benefits to ladies and encourages them to take cost of their funds and make knowledgeable choices, one other submit stated.

MSSC account could also be opened by ladies of any age group with a minimal deposit of Rs 1,000 and a most deposit of Rs 2 lakh for a interval of two years. The rate of interest for MSSC is 7.5 per cent each year, which is compounded quarterly, and the ability of partial withdrawal and untimely closure on compassionate grounds are additionally obtainable underneath this scheme. The federal government has authorised the Division of Posts, all public sector banks and 4 non-public sector banks to function MSSC, he stated, including that some lenders like Axis Financial institution, HDFC Financial institution, ICICI Financial institution, and IDBI Financial institution haven’t but began the scheme.

Mahila Samman Financial savings Certificates Scheme has been made obtainable for a two-year interval as much as March 2025.

An utility for opening an account could be submitted on or earlier than March 31, 2025.

India is among the early adopters of the T+1 settlement on Indian exchanges and it ensures sooner supply of securities, facilitating transparency and defending buyers, the ministry stated in one other submit.