Finance Minister Nirmala Sitharaman on Wednesday appreciated the measures taken by Sebi, especially to deal with the COVID situation, and emphasised the need for timely implementation of announcements related to the capital market made in the Union Budget 2021-22. The minister addressed the board of Sebi in the national capital on Wednesday for the first time after the presentation of the Budget on February 1.
Sebi Chairman Ajay Tyagi made a presentation on current market trends and challenges, measures taken in the wake of the pandemic, capital raising during this financial year and implementation road map for Sebi-related budget announcements, and corporate bond market development, the regulator said in a release.
Read more about FM Sitharaman explains govt priorities in post-Budget address to RBI on Business Standard. The meeting on Tuesday was chaired by RBI Governor Shaktikanta Das through video conferencing
The newly-proposed Development Finance Institution (DFI) will initially be completely owned by the government, Economic Affairs Secretary Tarun Bajaj told Moneycontrol.