State bets on fixed income market to drive infrastructure projects

Brief:

With the exchequer under pressure to improve and expand the country’s road, railway and port facilities, the Government is toying with the idea of floating infrastructure bonds. Even as the Treasury suspended its plans to issue a sovereign bond in the international markets, it is, however, keen to put in place structures that would allow some state corporations, especially those in the infrastructure sector, to raise capital through these bonds. ...more

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