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Introducing the “In Favour Of” filter in Case Laws.
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<h1>Cabinet Approves Changes to National Investment Fund, Aligns with Disinvestment Policy to Support Public Sector Enterprises.</h1> The Cabinet Committee on Economic Affairs has approved changes to the operation of the National Investment Fund (NIF) to align with the disinvestment policy. Starting from the fiscal year 2013-14, disinvestment proceeds will be credited to the NIF and used for subscribing to shares of Central Public Sector Enterprises (CPSEs), Public Sector Banks, and Insurance Companies to maintain at least 51% government ownership. The fund will also support recapitalization of these entities. Current fund managers will be relieved once funds are transferred. The NIF, established in 2005, had a corpus of Rs.1814.45 crore as of August 2012, managed by SBI, LIC, and UTI Mutual Funds.