The European leaders announced the establishment of a European Financial Stabilization mechanism that would be based on up to € billion in European Commission funding and a special purpose vehicle that could raise up to € billion in additional funds in capital markets with guarantees provided by member state governments.
In terms of the provisions of entry 91 of Union List, the Central Government has the power to levy stamp duty on issue of debentures. However, some state stamp laws also  BIS central bankers’ speeches  5  provide for duty on issue/transfer of debentures.