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PM-led investment board is need of hour: Chidambaram

Finance minister P Chidambaram on Saturday pitched for a national investment board (NIB), headed by the Prime Minister, to fast-track infrastructure projects spanning expressways, ports and railways. "The NIB's authority should extend to proposals/projects where the investment is above a certain threshold, say, Rs. 1,000 crore," Chidambaram said at a meeting of the Planning Commission.

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