Announcing steps to prop up the slowing economy, the minister said that in order to improve domestic bond market, the finance ministry will work with the RBI to make it more conducive for investors and bond issuers, as well as facilitate increased trading for price discovery.
The government will also take further action on development of credit default swap markets in consultation with the Reserve Bank and market regulator Sebi.
The minister also outlined steps like labour reforms, amendment to the bankruptcy law to increase investments. PTI DP NKD MKJ
Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI