Rajeev Chandrasekhar's official website - Member of Parliament

GOVERNMENT OF INDIA
Ministry of Finance
DEPARTMENT OF ECONOMIC AFFAIRS

RAJYA SABHA
UNSTARRED QUESTION NO.43
TO BE ANSWERED ON 22ND NOVEMBER 2011/ AGRAHAYNA 1, 1933 (SAKA)
Proposal for Sovereign Wealth Fund


43: SHRI RAJEEV CHANDRASEKHAR

Will the minister of FINANCE be pleased to state:-

(a)    Whether it is a fact that government has decided to set up a 10 billion dollar Sovereign Wealth Fund (SWF) to acquire energy assets abroad;

(b)   if so, the details thereof; and

(c)    The present status of the proposal?

ANSWER
SHRI NAMO NARAIN MEENA
MINISTER OF STATE IN THE MINISTRY OF FINANCE

(a)    To (c): No final decision has been taken by the Government in this matter. The issues regarding the establishment of a Sovereign Wealth Fund are under discussion.