WHAT IS NATIONAL INVESTMENT BOARD?
It is mechanism mooted by the finance ministry to speed up investment decisions in the govt. It will be headed by the prime minister and have ministers from key ministries such as finance, and law and justice as its members.
DOES IT HAVE AN OVERRIDING ROLE?
It has been envisaged as an empowered standing committee of the Cabinet under the chairmanship of the prime minister that will exercise the power of the government.
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