Daily Current affairs – Masala Bond

MASALA BOND   For: Preliminary & Mains Topic covers: Masala Bonds – objectives, significance, who can issue or buy; Benefits to India   Masala Bonds Masala Bonds are rupee-denominated borrowings issued by Indian entities in overseas markets.   Masala Masala means spices and the term was used by International Finance Corporation (IFC) to popularise the culture and cuisine of India on foreign platforms.   Objective The objective of Masala Bonds is to fund infrastructure projects…

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