Railway Reforms

Railways of India Development Fund (RIDF)

  1. News: The railway ministry is in advanced stages of finalising a proposal to create this fund
  2. It will be a $5 billion fund to finance its various infrastructure projects & will be of seven years
  3. It is expected to be anchored by the World Bank
  4. Nearly 20% of the fund will come from the Finance Ministry and we expect the balance from pension funds and sovereign funds
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