Thursday, August 1, 2013

Mix of pills to cure multiple ills

...........The government plans to ask public sector companies to raise funds abroad to cut debt. Officials have been planning to ask state-run infrastructure funds to raise long-term debt abroad to fund infrastructure projects. The finance minister today indicated that public sector banks, too, could be asked to raise funds. He said these would be “quasi-sovereign issues”, which means the bonds or debt instruments offered would have the indirect support of the government.............

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