Govt forms standing committee on infra financing

The government has set up a standing committee on infrastructure finance, which will be headed by Finance Secretary Ashok Chawla, according to a government official. The committee will comprise 11 members, including Planning Commission secretary, RBI deputy governor, Irda chairman, and IIFCL chairman.

Besides this, the panel will include State Bank of India Chairman O P Bhatt and Larsen & Toubro CMD A M Naik representing infrastructure developers and financial institutions.