| The Centre is still undecided on whether to set up a sovereign wealth fund (SWF) or not. No final decision has been taken by the Government in this matter, the Rajya Sabha (Upper house Parliament) was informed. “The issues regarding the establishment of a SWF are under discussion,” Mr Namo Narain Meena, the Minister of State for Finance, said in a written reply in Rajya Sabha.
A SWF is a special purpose investment vehicle created by a Government with surplus foreign exchange to invest overseas. A few years ago, India had considered setting up a SWF, but the proposal was not pursued.............................................Full Article: Source
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