FinMin to tread middle path on Jalan panel report

Earlier this week,the government also held discussions on the report with the stock exchanges and other stakeholders and sought a roadmap by May 30 for segregation of regulatory and commercial roles of the exchanges.

A Sebi-appointed committee,chaired by former RBI governor Bimal Jalan,had last year suggested sweeping changes in the way stock exchanges are owned and run and strongly recommended capping their profitability and not allowing them to get listed to safeguard their front-line regulatory role. Gopalan said consultations on the report were still on.

Govt working on infra debt fund guidelines

The finance ministry on Thursday said that the proposed infrastructure debt fund would be set up within the existing policy framework but the government is looking at two alternative structures.

A lot of preparatory work has gone into this. There are two kinds of routes we are looking into. One is bond route to the infra debt funds and other one is unit route through the capital markets, economic affairs secretary

R Gopalan said at an Assocham seminar. The fund is aimed at meeting financing needs of core sector.