PSEs Permitted To Invest In PS Mutual Funds Upto 30% of Their Surplus Cash. Good News For The Stock Market. -India Rising.

The Cabinet Committee on Economic Affairs has approved a proposal permitting public sector enterpriese (PSEs) to invest upto 30% of their surplus cash in Public Sector mutual funds. This is a good news where the total of Rs.71,860 Crores (USD 17.965 Billion) is expected to flow into the capital market through mutual funds. There is [...]