| India is all set to join an elite club of 30 nations that have sovereign wealth funds (SWF) by dipping into an estimated surplus of Rs. 2,50,000 crore with cash-rich public sector companies in addition to using a small chunk of foreign exchange reserves.
With only two months to go for the UPA government’s last budget before the next general election, details of the fund are still being stitched up. One option being considered is to create special instruments that public sector companies can invest in and use the funds raised from them to shop overseas...............................................Full Article: Source
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