This is a right opportunity for india to raise funds through overseas sovereign bonds at a much cheaper rate compared with those in the domestic market, chief economic adviser Krishnamurthy Subramanian said on Tuesday.
The government will study "risks and returns" to raise funds through sovereign bonds, possibly in the second half of the current financial year, said Chief Economic Adviser Krishnamurthy Subramanian at an event in delhi.
Finance ministry officials said the government could raise about 10-15% of proposed 7.1 trillion rupees ($103.18 billion) government borrowings this fiscal year through sovereign bonds.
Govt tells Air India to freeze all activities Reportedly in the wake of its proposed privatization, the government has asked Air India to put a freeze on large-scale promotion and appointments. A new flight has to be started only when it is extremely necessary and after due diligence from commercial aspect.
- Home Minister Amit Shah to lead a group of ministers on divestment of Air India
- Pakistan opened its airspace for all commercial airlines
- Annual retail inflation in June was 3.18%, up from 3.05% previous month
- Vistara would launch its international flights with Singapore as its first destination
- Right opportunity for India to raise funds through overseas sovereign bonds
- New Aadhaar Card & PAN Card rules to know
- Technology firms in India have welcomed Budget
- Oil prices predicted to decline this year
- Monsoon deficiency in June this year highest for the month since 2015
- Price of non-subsidized LPG will cost Rs 637 reduced from Rs 737.50 per cylinder
- SpiceJet's slots would now increase by 70%
- Willful defaulter is a person who has resources to repay loan: Nirmala Seetharaman
- AAI owns and manages more than 100 airports across India
- Libra is being touted as a bold move by Facebook to take on Bitcoins
- RBI last year mandated companies to store their payments data only in India