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This is an archive article published on March 5, 2011

FM Pranab meets Sebi Board members

Mukherjee met Sebi officials and reviewed the activities of the market regulator.

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Finance Minister Pranab Mukherjee met Sebi officials,including its new chairman U K Sinha,and reviewed the activities of the market regulator.

“I had a very fruitful and useful discussion with the (Sebi) Board members,” Mukherjee told after the Board meeting of Securities and Exchange Board of India (Sebi).

Sinha made a presentation about the different activities being carried out by the market regulator.

“Lot of improvements are taking place and other activities as we know,” Mukherjee said.

As part of a custom,Finance Minister meets the entire Board of Sebi after presenting the Union Budget.

Mukherjee tabled the Budget on February 28,2011.

As per the Budget proposals,foreign entities will be able to invest directly in mutual funds,which will increase the fund flow into capital markets.

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