Wed, Apr 16, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Fund Profile/New Launches

India: RBI agrees to dip into forex for energy fund

Posted on 25 August 2011

Keen to ensure energy security as it strives for double-digit growth, the government has finally decided to take forward its long pending plan to set up a sovereign wealth fund. The fund is likely to have a corpus of $10 billion, though government sources indicated that its size could be reviewed in view of the soaring global crude oil prices.
“An in-principle approval has been taken to set up a sovereign wealth fund. Its size and contours will be finalised over the next few months,” an official close to the development said……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 13898 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
M T W T F S S
« Mar    
 123456
78910111213
14151617181920
21222324252627
282930