Reserve Bank of India (RBI) will soon come out with a standard definition of infrastructure. Archana Mangalagiri, General Manager, RBI, said this at the India infrastructure Investment Forum here. The definition of infrastructure varies between various Government bodies such as the Finance Ministry, and insurance and pension regulators. Earlier this year, the Cabinet Committee of Infrastructure also set up an institutional mechanism to update the Master List. A committee chaired by Secretary, Department of Economic Affairs, with Member-Secretary, Planning Commission; Secretary, Department of Revenue; Chief Economic Adviser; and one representative each of RBI, SEBI, IRDA, PFRDA and the Secretary of the concerned administrative Ministry/Department as members will revisit the sub-sectors of the master-list.
RBI for standard definition of infrastructure
New Delhi, Nov 10: