Long-term infrastructure bond could be worked out: Goyal
Monday - July 9, 2018 4:20 pm ,
Category : BUSINESS
Long-term infrastructure bond could be worked out: Goyal
Kolkata July 9 (IANS) Union Finance Minister Piyush Goyal said on Monday a long-term infrastructure bond could be worked out to ensure better cash flow to projects.
"On Saturday I called up a meeting with the senior official of one of the largest banks. I was actually suggesting him why don t you come up with a long-term infra development bond... say 25-year bond " he said at an interactive session organised by Indian Chamber of Commerce here.
He further said: "People are not able to park their money for long-term in a good asset. Having long-term bonds for a fixed coupon this way could help people plan their cash flows better. It is a thought that I have discussed."
Goyal said the Centre has stressed points with many financial institutions transforming into banks.
--IANS bdc/qd/vm
"On Saturday I called up a meeting with the senior official of one of the largest banks. I was actually suggesting him why don t you come up with a long-term infra development bond... say 25-year bond " he said at an interactive session organised by Indian Chamber of Commerce here.
He further said: "People are not able to park their money for long-term in a good asset. Having long-term bonds for a fixed coupon this way could help people plan their cash flows better. It is a thought that I have discussed."
Goyal said the Centre has stressed points with many financial institutions transforming into banks.
--IANS bdc/qd/vm
