| From Indianexpress.com: The government will soon consider a proposal to set up a $10-billion Sovereign Wealth Fund (SWF) that will pursue strategic investment opportunities abroad. The corpus could be created either by dipping into the country’s foreign exchange reserves or through budgetary allocation or by raising funds from the domestic markets.
A government functionary, who did not wish to be named, said the proposal will soon be discussed by a group of ministers on external interface on energy security..............................................Full Article: Source
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