Ministry of Finance

Finance ministry of India

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April 19 2021 National Bank for Financing Infrastructure and Development (NaBFID) came into force, establishing a new financial institution dedicated to infrastructure development in India.
2017 Finance Minister Arun Jaitley announced the abolishment of the Foreign Investment Promotion Board (FIPB) during the 2017-2018 budget speech in Lok Sabha, marking a significant change in India's foreign investment approval process.
2016 Finance Minister Arun Jaitley announced the renaming of the Department of Disinvestment to the Department of Investment and Public Asset Management (DIPAM) in the 2016-17 budget speech.

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