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Global Trade Alert

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India: Additional budget approved for the year 2022-2023 (December 2022)

Description

On 24 December 2022, the Indian Ministry of Law and Justice through the Appropriation (No.5) Act, 2022 notified an equity infusion of INR 400 crore (USD 48.38 million) in the Industrial Finance Corpor...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Dec 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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