Number of Steps
Envisaged to Deepen The Indian Financial Market
The
Government has envisaged number of steps to deepen the Indian Financial
markets. Presenting the Interim Budget 2014-15, the Union Finance Minister Shri
P. Chidambaram outlined the steps as below:
To
comprehensively revamp the ADR/GDR scheme and enlarge the scope of Depository
Receipts;
To liberalise the rupee-denominated
corporate bond market;
To deepen and
strengthen the currency derivatives market to enable Indian companies to fully
hedge against foreign currency risks;
To create one
record for all financial assets of every individual;
To enable smoother clearing and settlement
for international investors looking to invest in Indian bonds.
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