Long-term infrastructure bond could be worked out: Goyal

Kolkata, July 9 (IANS) Union Finance Minister Piyush Goyal said on Monday a long-term infrastructure bond could be worked out to ensure better cash flow to projects.
“On Saturday, I called up a meeting with the senior official of one of the largest banks. I was actually suggesting him, ‘why don’t you come up with a long-term infra development bond… say 25-year bond’,” he said at an interactive session organised by Indian Chamber of Commerce here.
He further said: “People are not able to park their money for long-term in a good asset. Having long-term bonds for a fixed coupon this way could help people plan their cash flows better. It is a thought that I have discussed.”
Goyal said the Centre has stressed points with many financial institutions transforming into banks.
–IANS<br>bdc/qd/vm
Source: IANS