best online ias coaching in india
2019-07-06

Download Pdf


Indian Economy
www.pib.nic.in

Ministry of Finance

Union Budget proposes measures to deepen Corporate Debt markets

Government will work with regulators RBI/SEBI to enable stock exchanges to allow AA rated bonds as collaterals

Posted On: 05 JUL 2019 1:45PM by PIB Delhi

A number of measures to further deepen bond markets have been proposed by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, while presenting the Union Budget 2019-20 in Parliament today.

The Finance Minister said, “Corporate Debt markets are crucial for the infrastructure sector.  Though the number and value of bond issuances had gone up, there has been a dip in the last two years.  The market is skewed in favour of private placement”.

The Finance Minister added that given the need to further deepen bond markets, a number of measures are proposed to be taken up, which are as follows;

  • To deepen the Corporate tri-party repo market in Corporate Debt securities, Government will work with regulators RBI/SEBI to enable stock exchanges to allow AA rated bonds as collaterals.
  • User-friendliness of trading platforms for corporate bonds will be reviewed, including issues arising-out of capping of ISINs.

 

*****

 

 

DSM/RM/SVS/MKV/YK



(Release ID: 1577400) Visitor Counter : 207

Read this release in: Marathi

END
© Zuccess App by crackIAS.com