Tuesday, 16 May 2017

NRIs cold-shoulder Punjab govt proposal on masala bonds

The plan of the state to float interest free seven-year masala bonds to pay off institutional loans taken by farmers have been cold shouldered by NRIs of the region.

They have been quite upfront on the issue and have said that they were already insecure about their properties and wanted to wind up things in Punjab. “We cannot even think of making a fresh investment, especially which is of five years or more”, is how their common refrain.

Full report here

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