This will further ease access of finance to InVITS and REITs thus augmenting funds for infrastructure and real estate sectors.In the previous Budget, the government had abolished the Dividend Distribution Tax (DDT) in order to incentivise investment. A professionally managedis necessary to act as a provider, enabler and catalyst for infrastructure financing. Accordingly, FM will introduce a Bill to set up a DFI. Sitharaman provided a sum of Rs 20,000 crore to capitalise this institution. This will help formulate Health, Housing, Skill, Insurance, Credit, and food schemes for migrant workers.

Source: Economic Times February 01, 2021 08:05 UTC