Subject: Economy Context: While the Union Cabinet had approved the National Highways Authority of India (NHAI) setting up Infrastructure Investment Trust(s) (InvIT) in December 2019, the company has recently started meeting investor groups, as it prepares to come up with its InvIT issue. Concept: Infrastructure investment trusts are institutions similar to mutual funds, which pool […]

Subject: Economy Context: The Cabinet Committee on Economic Affairs has allowed Power Grid Corporation of India Limited (POWERGRID) to undertake monetization of its Tariff Based Competitive Bidding (TBCB) assets through Infrastructure Investment Trust (InvIT). Concept: An Infrastructure Investment Trust (InvITs) is like a mutual fund, which enables direct investment of small amounts of money from […]