In exercise of the powers conferred by clause 3 of article 77 of the Constitution, the President hereby

## Report on Government of India Allocation of Business Rules Amendment **1. Executive Summary:** This report analyzes the Government of India Allocation of Business Three Hundred and Sixty-Third Amendment Rules, 2021, based solely on the official notification provided. This amendment modifies the Government of India Allocation of Business Rules, 1961, by adding the administration of the National Bank for Financing Infrastructure and Development Act, 2021 to the responsibilities of the Department of Financial Services within the Ministry of Finance. The key finding is the formal assignment of responsibility for overseeing the new National Bank for Financing Infrastructure and Development to the existing Department of Financial Services. **2. Introduction:** This report aims to provide a detailed overview of the Government of India Allocation of Business Three Hundred and Sixty-Third Amendment Rules, 2021, as published in the Gazette of India. The analysis is based solely on the provided text of the notification and aims to inform stakeholders about the specific changes introduced. **3. Policy Overview:** * This is an amendment to the Government of India Allocation of Business Rules, 1961. * **Core Objective:** The core objective, as inferred from the text, is to formally allocate administrative responsibility for the National Bank for Financing Infrastructure and Development Act, 2021, to a specific governmental body. This ensures clear lines of authority and accountability for the implementation and oversight of the Act. **4. Background and Rationale:** As an amendment, the rationale is to integrate the administration of the newly enacted National Bank for Financing Infrastructure and Development Act, 2021, into the existing framework of governmental responsibilities. The creation of the Act necessitates a clear assignment of administrative duties. This amendment ensures that the Department of Financial Services, within the Ministry of Finance, is officially tasked with overseeing the new bank and related matters. This centralizes the administrative oversight of financial infrastructure development. **5. Key Provisions / Changes:** * **Specific Part of Original Policy Changed:** The amendment alters the SECOND SCHEDULE of the Government of India Allocation of Business Rules, 1961, under the heading "MINISTRY OF FINANCE VITTA MANTRALAYA" and the subheading "E. DEPARTMENT OF FINANCIAL SERVICES VITTIYA SEWAYEN VIBHAG". * **New Rule/Provision:** After entry 31, the following entry is inserted: "32. Administration of the National Bank for Financing Infrastructure and Development Act, 2021 (17 of 2021) and related matters." * **Difference/Effect of Change:** The amendment formally assigns the administrative responsibility for the National Bank for Financing Infrastructure and Development (NaBFID) to the Department of Financial Services. This means that the Department will be responsible for the bank's operations, regulation, and any related matters pertaining to the Act. The effect is to clarify the chain of command for NaBFID and to integrate its administration into the existing financial oversight structure. **6. Target Audience and Stakeholders:** The direct target audience and stakeholders primarily include: * The Department of Financial Services (Ministry of Finance). * The National Bank for Financing Infrastructure and Development (NaBFID). * Governmental bodies involved in infrastructure development and finance. * Entities and individuals potentially seeking financial support from the NaBFID. **7. Implementation Aspects (Inferred):** * **Responsible Agency/Bodies:** The Department of Financial Services is explicitly designated as the responsible agency for administering the NaBFID Act. * **Timelines or Procedures:** The amendment comes into force "at once," indicating immediate effect. However, the text does not specify detailed timelines or procedures for implementation beyond this immediate effective date. It is expected that the Department of Financial Services will develop internal procedures and guidelines to effectively manage its new responsibilities. **8. Expected Outcomes / Impact of Changes:** The likely intended outcome of this amendment is a streamlined and efficient administration of the National Bank for Financing Infrastructure and Development. By assigning responsibility to the Department of Financial Services, the government aims to: * Ensure coordinated policy-making and oversight of infrastructure financing. * Facilitate the effective functioning of the NaBFID. * Promote infrastructure development by providing a clear administrative framework. * Increase investor and stakeholder confidence due to the assignment of responsibility. **9. Conclusion:** The Government of India Allocation of Business Three Hundred and Sixty-Third Amendment Rules, 2021, represents a significant step in operationalizing the National Bank for Financing Infrastructure and Development. By formally assigning administrative responsibility to the Department of Financial Services, the amendment establishes a clear line of authority and promotes coordinated efforts in infrastructure financing. This clarification is crucial for the effective functioning of NaBFID and its contribution to national infrastructure development.

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