Budget 2021: Boost for infrastructure sector as FM sets up DFI; allows FPI investment in REITs. :
Union Budget 2021: With an aim to improve the funding for the country’s infrastructure sector, Finance Minister Nirmala Sitharaman today announced the setting up of a Development Finance Institution (DFI). “Infrastructure needs long-term debt financing. A professionally managed Development Financial Institution is necessary to act as a provider, enabler, and catalyst for infrastructure financing,” the Finance Minister said today in the Parliament.