Nation Current Affairs 05 Jul 2019 Union Budget 2019: I ...

Union Budget 2019: India to strengthen corporate bond market, says Sitharaman

ANI
Published Jul 5, 2019, 11:55 am IST
Updated Jul 5, 2019, 11:55 am IST
There is also a proposal to increase minimum public shareholding in companies from 25 per cent to 35 per cent.
'We will work to make a platform for listing social enterprises and voluntary organisations to raise capital as equity, debt or units like mutual funds,' said Sitharaman. (Photo: ANI)
 'We will work to make a platform for listing social enterprises and voluntary organisations to raise capital as equity, debt or units like mutual funds,' said Sitharaman. (Photo: ANI)

New Delhi: India will undertake multiple measures to deepen the corporate bond market, Finance Minister Nirmala Sitharaman said on Friday.

There is also a proposal to increase minimum public shareholding in companies to 35 per cent from 25 per cent, she said while presenting the Union Budget for 2019-20 in Parliament.

 

"We will work to make a platform for listing social enterprises and voluntary organisations to raise capital as equity, debt or units like mutual funds," said Sitharaman.

The government is contemplating organising an annual global meet to get all three sets of global players: industrialists, corporate leaders, corporate sovereign and venture funds, she said.

...
Location: India, Delhi, New Delhi




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT