 "Revenue Secretary Shaktikanta Das at PHD International Tax Conference on Global Tax Issues & Recent Developments in New Delhi on Friday, 21 August 2015 Picture by PTI")
Economic Affairs Secretary Shaktikanta Das said on Thursday the finance ministry had received over 70 applications for the post of chief executive officer (CEO) of the Rs 40,000-crore National Investment and Infrastructure Fund.
"The process of selection of CEO is underway. The CEO will be drawn from the market. We have received around 70 applications," Das said, on the sidelines of the India Investment Summit in New Delhi. Das did not divulge any names.
The government in December had set up the NIIF which is an investment vehicle for funding commercially viable new, old and stalled projects. The government's stake in the fund will not exceed 49 per cent and its management will be kept at an arm's length from the Centre.
