INDIA CABINET APPROVES PARTIAL CREDIT GUARANTEE RULES TO ALLOW STATE-RUN BANKS TO BUY HIGH-RATED POOLED ASSETS FROM SHADOW LENDERS – STATEMENT

INDIA CABINET APPROVES INSOLVENCY AND BANKRUPTCY CODE SECOND AMENDMENT BILL

INDIA IBC AMENDMENT BILL TO STREAMLINE RESOLUTION PROCESS, BOOST INVESTMENT IN FINANCIALLY DISTRESSED SECTORS

Cabinet approves “Partial Credit Guarantee Scheme” for purchase of high-rated pooled assets from financially sound NBFCs/HFCs by PSBs

Move will help NBFCs/HFCs resolve their temporary liquidity issues, and enable them to continue contributing to credit creation.

Cabinet authorises NHAI to set up Infrastructure Investment Trust and monetize National Highway projects.

Cabinet approves Aircraft (Amendment) Bill to enhance safety and security of aircraft operations; Bill enhances the maximum limit of fine from the existing Rs. 10 lakhs to Rs. 1 Crore.

Cabinet approves the proposal for increase in authorized capital and equity support to India Infrastructure Finance Company Limited (IIFCL)

The authorized capital of IIFCL to rise from Rs. 6,000 crore to Rs. 25,000 crore, enabling it to finance big-ticket infrastructure projects

Cabinet approves Agreement on Social Security between India and Brazil

Cabinet approves revision in the Funding Pattern of Delhi Metro’s three Priority Corridors of Phase – IV.

Update: Cabinet approves Insolvency and Bankruptcy Code (Second Amendment) Bill. Cabinet approves raising IIFCL’s authorized capital to Rs 25,000 crore from Rs 6,000 crore currently. Cabinet authorizes NHAI to set up Infrastructure Investment Trust. (Supportive for NBFCs ,HFCs, and Infrastructure sectors)