 "finance secretary TV Somanathan")
The entry of government bonds in the JP Morgan Global Bond Index is a “reflection of the record of (the government’s) fiscal prudence”, Finance Secretary T V Somanathan told Business Standard on Friday.
“The government has not made any changes in its taxation or regulatory policies,” Somanathan said, adding that “the inclusion of government bonds in JP Morgan’s widely tracked emerging market index is being done on their own, and is not based on government action”.
JP Morgan on Thursday announced that it would include Indian government bonds in its benchmark emerging-market index, with a maximum weight of 10 per cent.
