Regulators meet to discuss Budget

Written by fe Bureau | Mumbai | Updated: May 31 2009, 07:14am hrs
With a new government in place, the high-level co-ordination committee on financial markets met under the chairmanship of RBI governor D Subbarao on Saturday to have a pre-Budget deliberation. The meeting reviewed the developments in financial markets, developments in corporate bond market, regulatory issues relating to ULIPs and MFs and investment in security receipts issued by asset reconstruction companies.

There has been crying need for developing the corporate bond market to meet the funding requirements of India Inc and expectations are the budget may look into measures to hasten the process. The other regulators who participated in the meeting were Sebi chairman CB Bhave and PFRDA chief D Swarup.