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FSDC for urgent steps to set up infra debt funds

FSDC for urgent steps to set up infra debt funds

The Financial Stability and Development Council (FSDC), headed by Finance Minister Pranab Mukherjee, has decided to initiate steps for a more vibrant corporate bond market to enable industry to raise debt funds for infrastructure. At its meeting to review the state of the economy and take stock of the situation a day after the Reserve Bank of India (RBI) hiked its key policy rates by a hefty 50 basis points.

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