Budget Live: IIFCL will be given more flexibility

NEW DELHI, INDIA: In the Union Budget for the year 2009-1010, being presented at Parliament today, Finance Minister Pranab Mukherjee, said State-owned India Infrastructure Finance Company (IIFCL) will be  given more flexibility, and has been authorized to raise Rs 100,000 crore in for the development of the infrastructure sector including telecom, power etc in the next 15 to 18 months.

The minister said private investment has been the key growth driver and also a significant rise of foreign capital inflows is important for the country.

More details awaited