INSUBCONTINENT EXCLUSIVE:
NEW DELHI: The stock exchanges and brokerages are playing a crucial role in capital formation in India and we need to ensure that public
faith in the capital market is not eroded due to frauds and scams, said Anurag Thakur, Minister of State for Finance.
Speaking at a
convention organised by Association of National Exchanges Members of India (Anmi), Thakur on Saturday underscored the importance of a robust
government and its achievements in the last couple of years
Thakur said the government is focussed on the deregulation of the market and ease of compliance for the investor.
Nehal Vora, Managing
Director - CEO at Central Depository Services who was also present at the convention urged all the intermediaries to work together
Agreeing with Thakur, he added if India needs to become a $5 trillion economy, it needs to have a robust financial market.
Referring to the
upcoming initial public offering (IPO) of state-owned Life Insurance Corporation, Vijay Bhushan, President of the Anmi said we need to
unlock the true potential of the jewel and mobilise one crore investor for the IPO.
Finance Minister Nirmala Sitharaman in her Budget Speech
on February 1 had announced the IPO and raised the divestment target to Rs 2.1 lakh crore for the next financial year.