09.05.2012 - India: Sovereign bonds issue, Yes; sovereign fund, a big No
It speaks much for the kind of policy confusion in Delhi that we now are talking simultaneously about creating a sovereign fund to invest in assets abroad and a sovereign bond issue to borrow money abroad. So we want to borrow to invest which is not a great idea at any time. A PTI report says that a meeting of secretaries is to be held on Wednesday (9 May) to mull over the idea of creating a sovereign fund to buy overseas assets for state-owned companies...............................................Full Article: Source
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