Pension Fund

Posted: March 9, 2013 in Current affairs

IAS Preparation Online

In order to attract long term stable foreign capital inflows and to broad base the non resident investor base in Indian debt security market, it has been decided to accord preferential treatment to long term investors such as Sovereign Wealth Funds and pension funds for allocation of debt limits in Government Securities and Corporate bonds.

The Government has been making concerted efforts to attract greater foreign investment into India with special thrust on availability of off-shore funds for infrastructure development. In order to attract greater foreign investment to the infrastructure sector, following measures have been taken:

i) The limit for foreign investment in long term corporate bonds in the infrastructure sector has been enhanced from USD 5 billion to USD 25 billion.

ii) The USD 25 bn scheme for foreign investment in long term infra bonds has been gradually liberalized by inter-alia reducing residual maturity criteria and removing lock-in period…

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