Post-Budget meeting Finance Minister addresses SEBI board
Post-Budget meeting Finance Minister addresses SEBI board
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In her customary post-Budget meeting, Finance Minister Nirmala Sitharaman addressed the board of capital markets regulator Securities and Exchange Board of India (SEBI). The meeting was also attended by Minister of State for Finance Bhagwat Kishanrao Karad and Ministry of Finance secretaries.

During the meeting, the finance minister emphasised the importance of SEBI taking additional steps to reduce compliance burdens, lower the cost of market intermediation, increase investor protection, expand the corporate bond market, expand the green bond market in the context of a growing focus on ESG investment, initiate the next generation of reforms to improve ease of doing business, and be prepared for possible market turbulence due to US Fed actions.

The finance minister was briefed by SEBI Chairman Ajay Tyagi on the important trends and prognosis of the Indian securities market, including fund raising activity, growing individual investor engagement, and so on.

"He also updated the Finance Minister on the status of the Union Budget's capital market recommendations from the previous year. The Chairman of SEBI emphasised the increased activity of fund raising through capital markets to support the Union Budget's overarching goal of capital formation in the economy "According to the press release.

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