Context: Indian infrastructure needs the new Development Finance Institutions (DFIs) (announced in the Budget 2021), but there should be utmost caution in dealing with such DFIs.
Arguments favouring setting up of new DFIs for Indian infrastructure
Challenges with the DFIs
Way forward: For making the new DFIs successful
Conclusion: The idea of DFIs can be dismissed by some as old wine in a new bottle. But the nation could well savour it if the brew is different.