Debt markets, FII & FPI norms: Key market-related proposals in Budget 2019

In Union Budget, the finance minister has asked SEBI to consider to reduce maximum promoter shareholding from the current level of 75% to 65%.

At a time when the markets are trading close to their lifetime high, the Union Budget 2019 presented by Finance Minister Nirmala Sitharaman announced a host of proposals that aim to broad-base the participation.

Here are the key market-related proposals announced in the Union Budget 2019 today:

PSU Bank recap: Public Sector Banks (PSBs) proposed to be further provided 70,000 crore capital to boost credit. Government to initiate steps to empower accountholders to remedy the current situation in which they do not have control over deposit of cash by others in their accounts. Reforms will also be undertaken to strengthen