| A Group of Ministers (GoM) on external security interface chaired by Pranab Mukherjee has agreed in principle on setting up a sovereign wealth fund to help companies acquire mineral and energy assets abroad. This caps discussions on the need for such a fund, which have been on for more than a year among various sections in the government.
The money from the fund would be available only to state-owned undertakings, and not those in the private sector. ..............................................Full Article: Source |