GN Bureau | February 29, 2016
* A comprehensive Code on Resolution of Financial Firms to be introduced.
* Statutory basis for a Monetary Policy framework and a Monetary Policy Committee through the Finance Bill 2016.
* A Financial Data Management Centre to be set up.
* RBI to facilitate retail participation in Government securities.
* New derivative products will be developed by SEBI in the Commodity Derivatives market.
* Amendments in the SARFAESI Act 2002 to enable the sponsor of an ARC to hold up to 100% stake in the ARC and permit non institutional investors to invest in Securitization Receipts.
* Comprehensive Central Legislation to be bought to deal with the menace of illicit deposit taking schemes.
* Increasing members and benches of the Securities Appellate Tribunal.
* Allocation of Rs 25,000 crore towards recapitalisation of Public Sector Banks.
* Target of amount sanctioned under Pradhan Mantri Mudra Yojana increased to Rs 1,80,000 crore.
* General Insurance Companies owned by the Government to be listed in the stock exchanges.
Saturday Stories By Rashmi Bansal HarperCollins, 176 pages, Rs 250 From the bestselling author of ‘Stay Hu
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