India, Jan. 21 -- The recent announcement by the Gas Authority of India Limited (GAIL), pertaining to its share buyback worth over Rs 1,046 crore as it looked to return surplus cash to bondholders - the biggest being the Centre - is perfectly in tune with the Government's efforts to raise funds for containing the rising fiscal deficit. The company's Board approved repurchase of the Rs 6.97 crore dividend, which is about 1.55 per cent of the total paid-up capital, at a price of Rs 150 per share. The Indian markets may see similar announcements by other Public Sector Undertakings (PSUs) like Coal India Limited, National Thermal Power Corporation Ltd and National Mineral Development Corporation in days to come. GAIL has also declared an interi...