ADVERTISEMENT
India to reserve 30% of tax-free bonds for sovereign funds
12 Aug 2013, 06:46 PM IST
India will allow sovereign wealth funds to invest up to 30 per cent in the tax-free bonds to be sold by state-run infrastructure companies, Finance Minister P. Chidambaram said on Monday.
The government has allowed state-run companies to sell about Rs 50,000 crore worth of tax-free bonds in the current fiscal year 2013-14.
Copyright: Thomson Reuters 2013
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT