Issue Date: Dec 14, 2012
The Union Cabinet has cleared way for setting up of National Investment Board (NIB). It has been renamed as Cabinet Committee on Investment (CCI) and will be chaired by prime minister and comprise members from various ministries.
“The Cabinet has given an in-principle approval to the committee on December 13. It will take a week’s time to decide on its members and function. We will put up the details on our website by next week,” says K L Sharma, joint secretary in the Cabinet secretariat.