opensansad/lok-sabha-qa huggingface dataset:
Lok Sabha Question No. 3285 (UNSTARRED), answered on 2017-08-04
Subject: Tax Collection
Ministry: FINANCE
Asked by: R. VANAROJA

## Government of India Ministry of Finance Department of Revenue

## LOK SABHA UNSTARRED QUESTIONS NO. 3285

TO BE ANSWERED ON FRIDAY, AUGUST 04, 2017 SHRAVANA 6, 1939 (SAKA)

## TAX COLLECTION

3285: SHRIMATI VANAROJA R:

Will the Minister of Finance be pleased to state:

- (a) whether the Government is aware that tax collection of all forms of taxes have dipped in negative due of demonetisation effect;
- (b) if so, the details thereof along with all forms of tax collected in the month of December, 2016 as compared to the same month in the previous year;
- (c) Whether the Government has estimated all forms of taxes will be lesser for the remaining period of the current fiscal due to collapse of economy in all fronts due to bad effect of demonetization; and
- (d) if so, the details thereof?

## ANSWER MINISTER OF STATE IN THE MINISTRY OF FINANCE (SANTOSH KUMAR GANGWAR)

(a) & (b):

There is an increase in the overall gross tax collection since demonetization. During  the  period  of  December,  2016,  the  gross  Direct  Tax  collection  was  Rs. 1,61,635  crore  which  shows  an  increase  of  13.36%  as  compared  to  the  gross collection  of  Rs.  1,42,573  crore  during  December,  2015.  Whereas  Indirect  Tax collection during December, 2016 was Rs. 74.572 crore which shows a growth of 12.1% over actual collection of Rs. 66,551 crore during December, 2015.

(c) & (d):

The  Economic  survey  2016-17,  placed  in  the  parliament  in  January  2017, indicate  that  the  growth  of  the  Indian  economy  is  likely  to  improve  in  2017-18. International  agencies  like  international  Monetary  Fund,  World  Bank,  etc.  have also projected that India's growth will improve in 2017-18.

*****
Lok Sabha Question No. 3284 (UNSTARRED), answered on 2017-08-04
Subject: Violation of Section 209A of Companies Act
Ministry: CORPORATE AFFAIRS
Asked by: B. SREERAMULU

## GOVERNMENT OF INDIA

## MINISTRY OF CORPORATE AFFAIRS

## LOK SABHA UNSTARRED QUESTION NO. 3284 ANSWERED ON FRIDAY, THE 04 TH  AUGUST, 2017 [SHRAVANA 13, 1939 (SAKA)]

VIOLATION OF SECTION 209A OF COMPANIES ACT.

## QUESTION

3284. SHRI B. SRIRAMULU:

Will the Minister of CORPORATE AFFAIRS be pleased to state:

(a) the details of the companies against which inspections have been ordered under Section 209A of the Companies Act, during the last three years and the current year;

(b)  the  details  of  companies  against  which  violations  of  the  above Section have been proved during the said period; and

(c)  the  steps  taken  by  the  Government  to  check  such  activities  of companies in the future?

## ANSWER

THE MINISTER OF STATE IN THE                  (SHRI ARJUN RAM MEGHWAL) MINISTRY OF CORPORATE AFFAIRS

(a) to (c):  Inspection under Section 209A of the Companies Act,1956 and Section 206(5) of the Companies Act, 2013 was ordered in respect of  321  Companies  during  the  last  three  years  and  the  current  year. Further,  in  eleven  cases  the  violation  of  Section  209A  was  proved. Details are as per Annexure-I

*******

Annexure-I

## ANNEXURE REFERRED TO IN REPLY TO PART (a) to (c) OF THE UNSTARRED QUESTION NO. 3284 FOR ANSWER IN LOK SABHA ON 04.08.2017.

Number of inspections ordered under Section 209A of the Companies Act, 1956 and Section 206(5) of the Companies Act, 2013 during the last three years and the current year upto 30.06.2017.

| Name of the Region    | Period   | Period   | Period   | Period                    | Period   | Convictions Under Section 209A   |
|-----------------------|----------|----------|----------|---------------------------|----------|----------------------------------|
|                       | 2014-15  | 2015-16  | 2016-17  | 2017-18 (Upto 30.06.2017) | Total    |                                  |
| Northern Region       | 10       | 36       | 49       | 07                        | 102      | 11                               |
| Western Region        | 04       | 23       | 32       | 04                        | 63       | Nil                              |
| North- Western Region | 03       | 09       | 10       | Nil                       | 22       | Nil                              |
| Eastern Region        | 02       | 51       | 15       | 01                        | 69       | Nil                              |
| North- Eastern Region | Nil      | Nil      | 01       | 01                        | 02       | Nil                              |
| Southern Region       | 03       | 34       | 05       | 03                        | 45       | Nil                              |
| South- Eastern Region | 01       | 09       | 07       | 01                        | 18       | Nil                              |
| Total                 | 23       | 162      | 119      | 17                        | 321      | 11                               |

*******
Lok Sabha Question No. 3283 (UNSTARRED), answered on 2017-08-04
Subject: Impact of GST on Telecom Infrastructure Companies
Ministry: FINANCE
Asked by: SUKENDER REDDY GUTHA

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA UNSTARRED QUESTION No. 3283 TO BE ANSWERED ON FRIDAY, THE O4th AUGUST, 2017 SHRAVANA 13,1939 (SAKA)

## IMPACT OF GST ON TELECOM INFRASTRUCTURE COMPANIES

## 3283. SHRI GUTHA SUKENDER REDDY

Will the Minister of FINANCE be pleased to state:

- (a) whether the Government has taken cognizance of its move not to allow tax adjustments on bills raised by telecom infrastructure companies to telecom operators will badly affect their business;
- (b) if s0, the details thereof; and
- (cJthe steps being taken by the Government to protect their demands in Goods and Services Tax?

## MINISTER OF STATE FOR FINANCE

## (SHRI SANTOSH KUMAR GANGWAR)

- (a) Yes Sir. The Government is aware of the concerns raised by telecom operators for not being allowed adjustments on bills raised by mobile tower companies to them being
- (b) This issue was deliberated upon in detail by the GST Council and it was decided to maintain the current position of not allowing input tax credit of GST on mobile towers to the telecom operators finally paid
- (c) With the introduction of GST, supply of goods and services are taxed along the supply chain with cross utilization of credit, unlike the erstwhile VAT, central excise duty and service tax regime. This would reduce the overall burden of tax incidence on the companies.
Lok Sabha Question No. 3282 (UNSTARRED), answered on 2017-08-04
Subject: Promotion of Regional Languages in Banking Sector
Ministry: FINANCE
Asked by: MOHANBHAI KALYANJIBHAI KUNDARIYA

## Government of India Ministry of Finance

## Department of Financial Services LOK SABHA UNSTARRED QUESTION NO. 3382

## TO BE ANSWERED ON THE 4 th  August 2017, Shravana 13, 1939 (SAKA) PRIORITY SECTOR LENDING QUESTION

3382: SHRI R.P. MARUTHARAJAA

Will the Minister of FINANCE be pleased to state:

- (a)  whether, the Public Sector Banks (PSBs) provide loans at a concession rate under Priority Sector Lending (PSL) to unemployed youth of weaker sections of the society including SCs/STs; and
- (b)  if so, the details thereof?

## ANSWER (MINISTER OF STATE IN THE MINISTRY OF FINANCE) (SHRI SANTOSH KUMAR GANGWAR)

- (a) & (b): Reserve Bank of India (RBI) has deregulated the Interest rates on advances sanctioned by Scheduled Commercial Banks and these interest rates are determined by  banks  with  approval  of  their  respective  Board  of  Directors  subject  to  regulatory guidelines on Interest Rate on Advances contained in RBI's Master Direction No. DBR. Dir.No.85/13.03.00/2015-16 dated 03.03.2016.

In terms of RBI Master Direction No.  FIDD.CO.Plan.1/04.09.01/2016-17 dated July 07, 2016 on Priority Sector Lending-Targets and Classification, a target of 40 per cent of Adjusted Net Bank Credit (ANBC) or Credit Equivalent amount of Off-Balance Sheet Exposures (OBE), whichever is higher, has been set for lending to the priority sector by  domestic  scheduled  commercial  banks  and  foreign  banks  with  20  and  above branches. Within this, a sub-target of 10 per cent of ANBC or Credit Equivalent amount of  OBE,  whichever  is  higher,  has  been  set  for  lending  to  weaker  sections  which includes, among others, persons from SCs/ STs.

RBI has issued standing instructions to banks in the form of Master Circular - Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) which is updated every year (latest being July 1, 2017) to give special emphasis to the welfare of the scheduled castes and scheduled tribes and take measures in order to step up their advances to SCs / STs.

The  following  schemes  of  the  Government  also  facilitate  credit  flow  to  SC/ST entrepreneurs:

-  Stand Up India scheme :  Government of India launched this scheme in April, 2016 with the objective to promote entrepreneurship amongst women, SC & ST category. The Scheme facilitates bank loans between Rs.10 lakh and Rs.1 crore to  at  least  one  Scheduled  Caste/  Scheduled  Tribe  borrower  and  at  least  one Woman borrower per bank branch for setting up greenfield enterprises.
-  Credit Enhancement Guarantee Scheme for the Scheduled Castes (SCs)A sum of Rs. 200 crore has been allocated towards credit enhancement facility for young  and  start-up  entrepreneurs,  belonging  to  Scheduled  Castes  with  the objective to promote entrepreneurship amongst the Scheduled Castes, facilitate economic  development  of  SC  entrepreneurs  and  enhance  direct  and  indirect employment generation for SC population of India.

**********
Lok Sabha Question No. 3281 (UNSTARRED), answered on 2017-08-04
Subject: Geriatric Diseases
Ministry: HEALTH AND FAMILY WELFARE
Asked by: RAJESHBHAI NARANBHAI CHUDASAMA, S.P. MUDDAHANUMEGOWDA

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH RESEARCH

## LOK SABHA UNSTARRED QUESTION NO. 3281 TO BE ANSWERED ON 4 TH AUGUST , 2017

## GERIATRIC DISEASES

## 3281. SHRI RAJESHBHAI CHUDASAMA: SHRI S.P. MUDDAHANUME GOWDA:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether the Government has conducted research on geriatric diseases;
- (b) if so, the details thereof and if not, the reasons therefor;
- (c) whether there is any proposal under consideration of the Government to set up a Nati Institute for Geriatric diseases;
- (d) if so, the details thereof; and
- (e) the time by which the said institute is likely to be set up?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE ( SMT. ANUPRIYA PATEL )

- (a) & (b): Yes,  the  Indian  Council  of  Medical  Research  (ICMR)  has  promoted  research studies  on  the  geriatric  population  focusing  on  age  related  problems,  including,  p sychiatric disorders  in  the  aged,  brain  ageing,  neurobiochemistry  of  the  aged  brain,  chronic  mor profile of the elderly, prevalence of psychiatric morbidity, etc.
- (c): No.
- (d) & (e): Does not arise.
Lok Sabha Question No. 3280 (UNSTARRED), answered on 2017-08-04
Subject: Exemption of Khadi Products from GST
Ministry: FINANCE
Asked by: RAMACHANDRAN MULLAPPALLY

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

*****

## LOK SABHA

## UNSTARRED QUESTION NO.3280

## TO BE ANSWERED ON FRIDAY THE 4 TH   AUGUST, 2017 SHRAVANA 13, 1939 (SAKA)

## EXEMPTION OF KHADI PRODUCTS FROM GST

## 3280. SHRI MULLAPPALLYRAMACHANDRAN:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government considers exempting Khadi products from Goods and

- Services Tax (GST); and
- (b) if so, the details thereof and decision taken thereon?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a) and (b):The GST council in its 15th meeting held on 03.06.2017 discussed the GST rate structure for the textile sector and recommended the following rate structure:-

- (a) Nil GST on Khadi Yarn,
- (b) 5% GST on Fabrics including Khadi fabrics, and
- (c) 5% GST on garments and other made up textile articles of sale value not exceeding Rs. 1000 per piece and 12 % GST on garments and other made up textile articles of sale value exceeding Rs. 1000 per piece (including garments and made up textile articles of Khadi).

Accordingly, the GST rates have been notified for Khadi yarn and other textile products (including khadi products) vide various notifications dated 28/06/2017.

- ******
Lok Sabha Question No. 3279 (UNSTARRED), answered on 2017-08-04
Subject: Health Sector NGOs
Ministry: HEALTH AND FAMILY WELFARE
Asked by: BAHADUR SINGH KOLI

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK SABHA UNSTARRED QUESTION NO. 3279 TO BE ANSWERED ON 4 TH AUGUST , 2017

## HEALTH SECTOR NGOS

## 3279. SHRI BAHADUR SINGH KOLI:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) the number of NGOs working in health sector in Rajasthan;
- (b) whether the Government has received complaints of irregularities in the working of NG Rajasthan and if so, the details thereof; and
- (c) the financial assistance provided to the said NGOs during the last three years and t thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SHRI FAGGAN SINGH KULASTE)

- (a) & (c) : Public Health being a State subject, selection of NGOs and release of fund NGOs  in  Health  Sector  lies  under  the  jurisdiction  of  respective  State/UT  Governments. Ministry does not select or release funds to NGOs directly and information regarding f inancial assistance to NGOs is not maintained at Central level. As per the information receive Government of Rajasthan, there are 157 NGOs working in Health Sector in Rajasthan as Annexure - I and details of financial assistance provided to the NGOs are at Annexure - II

- (b): No .

…………………

## ANNEXURE - I

<!-- image -->

## ANNEXURE - II

contd………
Lok Sabha Question No. 3278 (UNSTARRED), answered on 2017-08-04
Subject: PoS Machines to LIC Agents
Ministry: FINANCE
Asked by: ELUMALAI VELLAIGOUNDER

## Government of India Ministry of Finance Department of Financial Services Lok Sabha Unstarred Question No. 3278

Friday, August 4, 2017/Shravana 13, 1939 (Saka)

## PoS Machines to LIC Agents

3278 SHRI V. ELUMALAI:

Will the Minister of FINANCE be pleased to state:

- (a) whether the Life Insurance Corporation of India (LIC) is planning to provide Point of Sale (PoS) machines to its lakhs of agents and if s0, the details thereof; and
- (b) whether as part of the strategy for less cash  economy, LIC is  also gearing providing PoS machines for its few lakhs active agents initially and if $0, the details thereof?

Answer Minister of State in the Ministry of Finance (Shri Santosh Kumar Gangwar)

- (a) and (b): Life Insurance Corporation of India (LIC) has started collection of renewal premium  through Debit Card on  Point of'  Sale (POS) terminals   installed at 16 premium collection centres of its agents on a trial basis from June 2017. The total number of transactions as on 30th July, 2017is 569 amounting Rs.33,26,000/swipe 14th point
Lok Sabha Question No. 3277 (UNSTARRED), answered on 2017-08-04
Subject: Place of Effective Management Rules
Ministry: FINANCE
Asked by: KONAKALLA NARAYANA RAO

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION No. 3277 TO BE ANSWERED ON FRIDAY, THE 4 TH   AUGUST, 2017 13, SHRAVANA, 1939 (SAKA)

## PLACE OF EFFECTIVE MANAGEMENT RULES

## 3277. SHRI KONAKALLA NARAYANA RAO:

Will the Minister of FINANCE be pleased to state:

- (a) whether  the  Government  issued  new  tax  rules/  long  waited  Places  of  Effective Management (POEM) Rules for foreign firms to pay taxes in India in order to target shell companies;
- (b)        if so, the details thereof; and
- (c)        the details of Indian shell companies and foreign shell companies that are operating in India during the last three years?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

- (a)&(b)  Yes sir. Necessary guidelines have been issued in this regard vide Circular No  06 of 2017 dated 24 th January, 2017 and Circular No 08 dated 23 rd February, 2017.
- (c) During financial years 2013-14 to 2015-16, investigations by the Income-tax Department led to detection of more than 1155 companies/ entities which were used as conduits by over 22,000 beneficiaries.

Further, the Registrars of Companies have removed 1,62,618 companies  from the register of companies as of  12.07.2017.'

--------
Lok Sabha Question No. 3276 (UNSTARRED), answered on 2017-08-04
Subject: Special Incentive for Girl Child Welfare
Ministry: WOMEN AND CHILD DEVELOPMENT
Asked by: PRABHAS KUMAR SINGH

## GOVERNMENT OF INDIA MINISTRY OF WOMEN AND CHILD DEVELOPMENT

## LOK SABHA

## UNSTARRED QUESTION NO. 3276 TO BE ANSWERED ON 04.08.2017

## SPECIAL INCENTIVE FOR GIRL CHILD WELFARE

3276.   DR. PRABHAS KUMAR SINGH:

Will the Minister of WOMEN AND CHILD DEVELOPMENT be pleased to state:

- (a) whether the Government provides any special incentive to promote girl child welfare in tribal districts of the country; and

- (b) if so, the details thereof?

## ANSWER

MINISTER OF STATE IN THE MINISTRY OF WOMEN AND CHILD DEVELOPMENT (SHRIMATI KRISHNA RAJ)

- (a): No, Madam.  The Ministry does not provide any special incentive to promote girl     child welfare in tribal districts of the country. However, there are regular schemes for girl child welfare in the Ministry.

- (b): Does not arise.

******
Lok Sabha Question No. 3275 (UNSTARRED), answered on 2017-08-04
Subject: Import Duty on Gold
Ministry: FINANCE
Asked by: UDIT RAJ, SUKENDER REDDY GUTHA

## 3275.  DR. UDIT RAJ:

## SHRI GUTHA SUKENDERREDDY:

Will the Minister of FINANCE be pleased to state:

- (a) whether his Ministry has received any representation from gold traders requesting for reduction of import duty on gold by two percent;
- (b) if so, the details thereof and the action taken thereon;
- (c) whether the Ministry of Commerce has also endorsed for reduction of import duty on the gold;
- (d) if so, the details thereof and there response thereto; and
- (e)  whether  his  Ministry  proposes  to  limit  holding  of  gold  and  precious  stones  to private individuals, if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI SANTOSH KUMAR GANGWAR)

(a), (b), (c), (d): Yes Madam. The Ministry of Commerce and Industry had also recommended reduction in import duty on gold. The same has been examined and not acceded to.

(e):There is no proposal to limit holding of gold and precious stones to private individuals, for the present.

******

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

*****

## LOK SABHA

## UNSTARRED QUESTION NO.3275

## TO BE ANSWERED ON FRIDAY THE 4 TH   AUGUST, 2017 SHRAVANA 13, 1939 (SAKA)

## IMPORT DUTY ON GOLD
Lok Sabha Question No. 3274 (UNSTARRED), answered on 2017-08-04
Subject: Policies on AIIMS
Ministry: HEALTH AND FAMILY WELFARE
Asked by: RAKSHA NIKHIL KHADSE, FAIZAL P.P. MOHAMMED

## GOVERNMENT OF INDIA MINISTRY OF HEALTH AND FAMILY WELFARE DEPARTMENT OF HEALTH AND FAMILY WELFARE

LOK SABHA UNSTARRED QUESTION NO. 3274 TO BE ANSWERED ON 4 TH AUGUST , 2017

## POLICIES ON AIIMS

## 3274. SHRIMATI RAKSHATAI KHADSE: MOHAMMED FAIZAL:

Will the Minister of HEALTH AND FAMILY WELFARE be pleased to state:

- (a) whether Government proposes to establish an umbrella organization for framing comm policies for Governing All India Institute of Medical Sciences (AIIMS) in the country, i details thereof;
- (b)  whether  Government  proposes  to  draft  amendments  in  existing  AIIMS  Act,  Rules  an Regulations;
- (c) if so, the details thereof; and
- (d) whether the Government has any plan to Constitute New Governing Council for AIIMS, if so, the details thereof?

## ANSWER THE MINISTER OF STATE IN THE MINISTRY OF HEALTH AND FAMILY WELFARE (SHRI FAGGAN SINGH KULASTE)

- (a)to(d):      A Committee was constituted by the Ministry to examine and suggest suitable governing  structure  for  the  AIIMS.  The  committee  has  suggested  an  umbrella  structure AIIMS in the form of a council which may consider major common policy matters.

The report of the above committee is under consideration.

…………….
Lok Sabha Question No. 3273 (UNSTARRED), answered on 2017-08-04
Subject: Queries on GST
Ministry: FINANCE
Asked by: ANURAG SINGH THAKUR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE

## LOK SABHA

## UNSTARRED QUESTION No. 3273 TO BE ANSWERED ON FRIDAY, THE AUGUST, 2017 SHRAVANA 13,1939 (SAKA) O4th

## QUERIES ON GST

## 3273. SHRI ANURAG SINGH THAKUR :

Will the Minister of FINANCE be pleased to state:

- (a) whether there is some confusions among the traders community in relation to registrations and exemptions under Goods and Services Tax (GST);
- (b) if so, the details thereof and the steps taken/being taken by the Government to ease the entities of such confusions and to ensure smooth transition of GST; and
- (c) whether workshops or trainings being conducted for creating widespread awareness about GST? any

## MINISTER OF STATE FOR FINANCE

## (SHRI SANTOSH KUMAR GANGWAR)

- (a) No Sir. There is no major confusion with reference to registrations and exemptions under GST.
- (b) However, FAQs and advertisements on various provisions of the GST laws and procedures have been issued; and GST masterclass by senior tax officials and various workshops have been conducted to address confusions among stake holders.
- (c) Yes Sir. The Government at both at the Central and States level have been organizing GST awareness campaigns on GST through workshops all across the country. The workshops are conducted in a town hall format all across the country by the field formations of CBEC, with power point presentations and being

resource material provided by National Academy of Customs, Indirect Taxes and Narcotics (NACIN): A total of 5198 workshops have been conducted till 28.07.2017 all over India in almost all the cities: Region-wise details are as under:

| Zones   |   No. of Workshops |
|---------|--------------------|
| North   |               1125 |
| South   |                909 |
| Central |                820 |
| East    |               1288 |
| West    |               1056 |
| Total   |               5198 |

***
Lok Sabha Question No. 3271 (UNSTARRED), answered on 2017-08-04
Subject: NIIF
Ministry: FINANCE
Asked by: ADVOCATE NARENDRA KESHAV SAWAIKAR

## GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF ECONOMIC AFFAIRS LOK SABHA UNSTARRED QUESTION NO. 3271

TO BE ANSWERED ON AUGUST 04, 2017 / SHRAVANA 13, 1939 (SAKA)

## NIIF

## 3271: ADV. NARENDRA KESHAV SAWAIKAR

Will the Minister of FINANCE be pleased to state:

- (a) whether  the  National  Investment  and  Infrastructure  Fund  (NIIF)  has  been  set  up  and  if  so,  the  details thereof along with the fund provided therein; and
- (b) whether the Government is expecting first investment to the fund from overseas investors and if so, the details thereof?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI ARJUN RAM MEGHWAL)

- (a) National  Investment  and  Infrastructure  Fund  (NIIF)  has  been  set  up  as  a  trust  registered  with Securities and Exchange Board of India ('SEBI') as a Category II Alternate Investment Fund ('AIF') under the  SEBI  (Alternative  Investments  Funds)  Regulations,  2012  ('AIF  Regulations')  with  the  aim  to  attract equity  investments  from  both  domestic  and  international sources for infrastructure  development  in commercially viable projects, both greenfield and brownfield, including projects which are presently facing funding constraints. The details of the NIIF are in Office Memorandum No. 10/33/2014-Investment dated 20 th August, 2015 which is available on the website of Ministry of Finance, Department of Economic Affairs: (http://finmin.nic.in/the\_ministry/dept\_eco\_affairs/investment\_division/NIIF24082015.pdf)
- (b) Negotiations with overseas Sovereign Wealth Funds are ongoing.

****