logo

Long-term infrastructure bond could be worked out: Goyal

Long-term infrastructure bond could be worked out: Goyal

Kolkata: 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

IANS

Our Contributor help bring you the latest article around you


Exclusive

View All

Latest News

View All
Share it
Top