Finance Minister P. Chidambaram on 15
September 2012 pitched for institutionalization of a National Investment
Board under the leadership of Prime Minister. The formation of the
board will help in speeding the approval of the proposals, for the mega
projects and their implementation. Formation of the board will help the
country in achieving the targeted growth for the twelfth five year of
8.2 percent.
At the meeting of the full planning
commission under the chairmanship of Prime Minister Manmohan Singh, the
finance minister expressed his concern on the delayed implementation of
the mega projects and stressed on the fact that the decision made by the
National Investment Board (NIB) to be taken as the final decision.
Chidambaram also insisted interference by any other authority on the
approvals and decisions made by the NIB will be entertained. He also
added to his statement that NIB’s role will be limited to the projects
with investments of Rs 1000 crore or more.
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