+91 859 116 7727 
connect@affluence.net.in Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route – Relaxations
The Reserve Bank of India’s notification outlines the issuance of power and other bonds totaling ₹12,847 crore by 26 State Governments under a One-Time Settlement Scheme aimed at addressing State Electricity Boards’ dues. This measure significantly impacted the fiscal deficit, with power sector-related expenditures accounting for 29.2% of the Gross Fiscal Deficit in the revised estimates for 2003-04.
