The Cabinet has deferred its decision on setting up the National Investment Board. Official sources said this after the Cabinet meeting last evening. The high level body is proposed to be set up to expedite clearance of infrastructure projects involving investment in excess of 1,000 crore rupees by setting timelines for concerned ministries. Many Ministries are reported to have raised objections to this proposal. According to official sources, the proposal may come up for Cabinet approval in the next meeting after further inter-ministerial discussions.