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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

India to reserve 30 pct of tax free bonds for sovereign funds

Posted on 13 August 2013

India will allow sovereign wealth funds to invest up to 30 percent in the tax free bonds to be sold by state-run infrastructure companies, Finance Minister P Chidambaram said on Monday.
The government has allowed state-run companies to sell about 500 billion rupees worth of tax-free bonds in the current fiscal year 2013/14………………………………………..Full Article: Source


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