• Elephant Bonds are the 25-year sovereign bonds in which people declaring undisclosed income will be bound to invest 50 per cent.
• The fund, made from these bonds, will be utilized only for infrastructure projects.
• It has been suggested by a high level government-appointed committee chaired by the renowned economist, Dr Surjit S Bhalla, on trade and industry .

 Holding that India’s trade performance from 2012-2017 was below par, the group has made many other wide-ranging recommendations to improve trade. These include reduction of trade tariff, increasing exports, reforming of financial service sector policies, improvement in tourism infrastructure etc.