07.11.2011 - Imbroglio over sovereign wealth fund
Controversy broke-out recently over the Sovereign Wealth Fund (SWF) which was signed into law by the President on May 27, 2011. The on-going tussle over the fund assumed a pungent legal dimension last week when 23 state governors filed an application before the Supreme Court over legality, and to restrain the Federal government from tampering with money domiciled in the Excess Crude Account (ECA). Interestingly, not much public excitement has attended the political and legal controversies, partly because they have been out-flanked by the more combustible debate over the removal of the fuel-subsidy...............................................Full Article: Source
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