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Must Read Daily Newspaper Articles - 07th August 2019

1. : Lok Sabha endorses Centre’s decisions on KashmirGS-2) Prelims 2020

UPSC Mains Syllabus : Governance, Constitution, Polity: Amendments, significant provisions; Articles 2 and 3

Adjournment sine die: Termination of a sitting of the House without any definite date being fixed for the next sitting.

2. India tells China to avoid commenting on Ladakh : (GS-2)

UPSC Mains Syllabus : India and its neighborhood- relations; India-China Relations;

3. Consumer Protection Bill gets RS green light: (GS-2)

UPSC Mains Syllabus: Effects of liberalization on the economy

4. Government offers to send 4 Bills for scrutiny: :(GS-1))

UPSC Mains Syllabus: Indian Polity and Governance - Constitution; Select committee

5. Great expectations: (GS-2)

UPSC Mains Syllabus: Effects of globalization on Indian society; bioethical issues.

6. The hard realities of India’s fast­track courts: (GS-2)

UPSC Mains Syllabus: Functioning of the Judiciary; fast­track courts.

7. NIIF to get up to $2 bn from Australian Super, Ontario Teachers: (GS-2)

UPSC Mains Syllabus: Effects of liberalization on the economy; Infrastructure; National Investment and Infrastructure Fund (NIIF) of India (UPSC Prelims 2020).

What is it?

NIIF stands for National Investment and Infrastructure Fund. It is an Indian-government backed entity established to provide long-term capital to the country’s infrastructure sector.

Budget 2015 set the ball rolling for its creation and NIIF was set up as an alternative investment fund (AIF) in December 2016 with a planned corpus of ₹40,000 crore.

The Indian government has 49 per cent stake in NIIF with the rest held by marquee foreign and domestic investors such as Abu Dhabi Investment Authority, Temasek and HDFC Group. With the Centre’s significant stake, NIIF is considered India’s quasi sovereign wealth fund.

Across its three funds: Master Fund, Fund of Funds, and Strategic Fund — NIIF manages $3 billion of capital.

Its portfolio now includes investments in ports and logistics, real estate and renewables. It is also said to have put in bids for four airports — Jaipur, Lucknow, Ahmedabad and Mangaluru — in the recent auctions.

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