Banking, insurance and pensions -
Net capital support to banking sector at Rs22,808 crore, to be restructured to increase access to additional resources for lending to productive sectors. -
Bill on insurance to be introduced in 2006-07. -
Limit on FII investment in government securities increased from $1.75 billion to $2 billion. -
Limit on FII investment in corporate debt increased from $0.5 billion to $1.5 billion. -
Ceiling on aggregate investment by mutual funds in overseas instruments raised from $1 billion to $2 billion. Requirement of 10 per cent reciprocal share holding removed. -
Limited number of qualified Indian mutual funds to be allowed to invest cumulatively up to $1 billion in overseas exchange traded funds. -
Investor protection fund to be set up under SEBI. -
RBI''s anonymous electronic order matching trading module (NDS-OM) on its negotiated dealing system extended to qualified mutual funds, provident funds and pension funds. -
Single, unified exchange-traded market for corporate bonds to be introduced.
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