| After several years of debates and dilly-dally, India will have a Sovereign Wealth Fund (SWF) like many other regions including China, Singapore and Kuwait. The government has finally taken an “in principle” decision to set up an SWF. Top sources in the government say the modalities are being finalised and an announcement will be made as part of the Budget in February 2012.
At the outset, the idea of setting up an SWF has been discussed but no decision was taken as there was no agreement on the size of the corpus, how to finance such a fund, and the scope of such a fund...............................................Full Article: Source |