Just a moment...

Report
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

GOVERNMENT TO INTRODUCE SINGLE SECURITIES MARKETS CODE

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....OVERNMENT TO INTRODUCE SINGLE SECURITIES MARKETS CODE <br>Budget<br>Dated:- 1-2-2021<br><BR>GOVERNMENT TO INTRODUCE SINGLE SECURITIES MARKETS CODE SUPPORT FOR DEVELOPMENT OF A WORLD CLASS FIN-TECH HUB AT GIFT-IFSC A PERMANENT INSTITUTIONAL FRAMEWORK TO BE CREATED TO PURCHASE INVESTMENT GRADE DEBT SECURITIES WAREHOUSING DEVELOPMENT AND REGULATORY AUTHORITY TO SET UP A COMMODITY MARKET ECO SYSTEM....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... ARRANGEMENT TO DEVELOP AN INVESTOR CHARTER AS A RIGHT OF ALL FINANCIAL INVESTORS CAPITAL INFUSION OF &#8377; 1,000 CRORE TO SOLAR ENERGY CORPORATION OF INDIA AND &#8377; 1,500 CRORE TO INDIAN RENEWABLE ENERGY DEVELOPMENT AGENCY While presenting the Union Budget 2021-22 in Parliament today the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman announced that the Government....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securities Markets Code. The Government will support the development of a world class Fin-Tech hub at the GIFT-IFSC. In order to instill confidence amongst the participants in the Corporate Bond Market during tim....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....es of stress and to generally enhance secondary market liquidity, Union Budget 2021-22 proposes to create a permanent institutional framework. The proposed body would purchase investment grade debt securities both in stressed and normal times and help in the development of the Bond Market. The Finance Minister further stated "In the Budget 2018-19, Government had announced its intent to establish....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... a system of regulated gold exchanges in the country. For the purpose, SEBI will be notified as the regulator and Warehousing Development and Regulatory Authority will be strengthened to set up a commodity market eco system arrangement including vaulting, assaying, logistics etc in addition to warehousing". With an objective to provide protection to the investors, the Finance Minister proposed to....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... introduce an investor charter as a right of all financial investors across all financial products. In order to give a further boost to the non-conventional energy sector, the Finance Minister stated that the Government will provide additional capital infusion of &#8377; 1,000 crore to Solar Energy Corporation of India and &#8377; 1,500 crore to Indian Renewable Energy Development Agency.<BR> New....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s - Press release - PIB....