Work cohesively to create India's own equity capital: FM to India Inc

Govt exploring insurance bonds as alternative to bank guarantees

The government will extend all possible support to new-generation companies and start-ups to have them contribute to India's future, Union Minister of Finance and Corporate Affairs Nirmala Sitharaman said on Tuesday. The Centre is also exploring the option of instituting insurance bonds as an alternative to bank guarantees to make it easier to do business in India.

Sitharaman, who is in the financial capital on a two-day tour, also emphasised the need for the government and the industry to work cohesively to ‘create India’s own equity capital’ and said the Centre was committed to working towards ensuring policy certainty.

Expressing