Bond inclusion shows our fiscal prudence: Finance secy T V Somanathan

The finance ministry on Friday applauded the JP Morgan decision, stating that it would give the country more access to debt funds

finance secretary TV Somanathan

Finance Secretary TV Somanathan

Shrimi Choudhary New Delhi

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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.

First Published: Sep 22 2023 | 8:58 PM IST

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