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Fm editor 18 owners finances6/9/2023 This will also have a positive impact on the bond market in India, she said. “We expect big pension funds, sovereign funds will all come and also, the government is planning to give it certain securities, so cost of funds will also come down,” she said. The proposed entity will also enjoy some tax benefits for an initial 10-year period and some amendments will be carried out in the Indian Stamp Act in this regard. We are not thinking of below that,” Sitharaman said.Ī bill to set up the DFI will soon be introduced in Parliament. “It will start with 100% government of India ownership and gradually, in the long run, government ownership will come down to 26%. Initially, it will be wholly owned but the government stake will be lowered to a quarter.
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