Current Affairs - Finance - Discussion

Discussion :: Finance - Latest Current Affairs (Q.No.3)

3. 

Cabinet approves hike in authorized capital of India Infrastructure Finance Company Limited (IIFCL) from Rs 6,000 crore to?

[A]. Rs 45,000 crore
[B]. Rs 35,000 crore
[C]. Rs 25,000 crore
[D]. Rs 55,000 crore

Answer: Option C

Explanation:

The cabinet has also approved increasing the authorised capital of India Infrastructure Finance Company Ltd (IIFCL) from Rs 6,000 crore to Rs 25,000 crore. The Union Cabinet on December 11 approved infusing additional Rs 5,300 crore capital into IIFCL through recapitalisation bonds in the current fiscal year.

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