06.09.2010 - Edwin M Truman: The case for an Indian sovereign wealth fund
From Business-standard.com: The Indian government is once again considering whether it should establish a Sovereign Wealth Fund (SWF) with an initial endowment of $10 billion. Would that be a wise policy? The answer depends on the fundís objectives. Consider five possible objectives. If the government believes that the Reserve Bank of India holds excess foreign exchange reserves that could and should be invested to generate a higher return, a case could be made for using a part of those reserves to establish a sovereign wealth fund..............................................Full Article: Source
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