| The government is mulling a new corporation, to be set up by pooling the funds from cash-rich public sector enterprises, for acquiring overseas assets as well as raising money abroad. The proposal comes at a time when India is looking to attract more overseas investments into infrastructure to boost economic growth, which has turned sluggish in recent times.
Meanwhile, the official ruled out the possibility of the government setting up a Sovereign Wealth Fund (SWF). "SWFs can be formed by the governments those have a positive current account balance and fiscal balance. We will need time before we can form such a fund," the official added...............................................Full Article: Source
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