06.08.2010 - Poverty and social inequality: Should India set up a sovereign wealth fund?
From Globalresearch.ca: New Delhi's proposal to establish a $10-billion sovereign wealth fund should be treated with caution. The necessary preconditions for setting up a SWF are squarely lacking in India. Besides, the purported objectives of the fund to pursue strategic investment opportunities abroad are highly debatable. It appears that New Delhi is blindly following a “me-too” approach rather than understanding the rationale behind setting up such funds. What are sovereign wealth funds? In simple terms, SWF is a large pool of assets and investments owned and managed (directly or indirectly) by a national or state government..............................................Full Article: Source
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