In Top Bureaucrat's Transfer, Link Seen To Sovereign Bond Plan | Read

PUBLISHED ON: July 26, 2019 | Duration: 2 min, 56 sec

  
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The Prime Minister's Office (PMO) wants the Ministry of Finance to reassess the idea of issuing foreign currency overseas sovereign bonds and seek wider consultation from stakeholders, news agency Reuters reported on Thursday quoting sources. The government's plan to issue such bonds, announced by Finance Minister Nirmala Sitharaman in her budget speech, has been opposed by several experts who believe that such a move would push the country into a debt trap. The government was earlier said to be considering an option to raise $10 billion in one go as early as October.
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