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Consider setting up sovereign wealth fund

Finance ministrys chief economic advisor Kaushik Basu said that the country should seriously consider setting up a sovereign wealth fund.

Finance ministrys chief economic advisor Kaushik Basu on Tuesday said that the country should seriously consider setting up a sovereign wealth fund. The verdict on sovereign wealth fund in India is still not out. But certainly it is something that should be looked at, he said on Tuesday while releasing an Assocham report on Sovereign Wealth Funds.

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