Need for timely implementation of budget announcements related to capital market: FM
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Appreciating the measures taken by SEBI, especially to deal with the COVID situation, Finance Minister Nirmala Sitharaman has expressed 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 for the first time after the presentation of the Budget on February 1. After the presentation of the Budget every year, it is customary for the finance minister to address the boards of SEBI and RBI.
Meanwhile, in Union budget, Sitharaman proposed to consolidate the provisions of Sebi Act, Depositories Act, Securities Contracts (Regulation) Act and Government Securities Act into a rationalised single securities markets code. Among other announcements related to the capital markets, the minister had also proposed to introduce an investor charter as a right for all investors in all financial products.
