Tue, Jul 29, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

India plans to create sovereign wealth fund

Posted on 02 January 2013

The finance ministry is working on the contours of the sovereign wealth fund and there may be an announcement in next year’s Budget. Earlier, it was proposed as a fund with a Budgetary allocation of around Rs 30000 crore, but considering that the finance ministry is fiscally constrained at this point in time it is mulling other alternatives like it being a government-backed fund instead of purely government fund and using reserves of large PSUs as well as raising debt.
The idea of the fund is to allow for acquisition of natural resources abroad especially in the oil and mineral space………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14466 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031