New Delhi, Feb. 24 -- Seven months after the announcement, the sovereign bonds issue announced by Finance Minister Nirmala Sitharaman remain a non-starter.
To date, the Finance Ministry has not fixed any target amount to be raised through sovereign borrowings in external currencies. The scheme was announced on July 5 last year but so far, no amount has been raised through this.
In a reply dated February 10 to a Right to Information (RTI) query, the Finance Ministry said that no target has been fixed under this scheme.
Replying to a query on the sovereign bonds to be issued in global markets, the Ministry said that Finance Minister Nirmala Sitharaman, in her 2019-2020 Budget speech dated on July 5, 2019 announced that: "The government wil...