New Delhi: Reserve Bank of India Governor Shaktikanta Das said that efforts are on to include government securities, bond papers as soon as possible in the global indices and the central bank has already started talks with some institutions.
The inclusion of the government securities in the global index will increase the flow of foreign funds into the country as many foreign funds monitor the global index. With the arrival of foreign funds in the country, the domestic capital will be available to the industries and will help to overcome their cash-strapped complaints.
It is our endeavor to take it forward as soon as possible. ”This was a long-standing suggestion from foreign investors, which was included in this year’s budget. Finance Minister Nirmala Sitharaman said in the Budget 2020-2021, “Apart from making certain categories of government securities available to domestic investors, it will also be fully opened for overseas Indian investors.
Such specific securities listed in the Global Index will not require a mortgage term. There are some large institutional investors around the world who constantly monitor these indices. There are some indices, such as the Bloomberg Barclays Emerging Market Bond Index, which are used in investment decisions in Savarn bond papers.
Asked about the health of the non-banking sector, Governor Das said that the Reserve Bank is monitoring the top 50 NBFCs. “In fact, we are keeping an eye on the fact that nobody from outside can think about it,” he said. Similarly, the health of banks and other financial sector units is also being constantly monitored by the central bank.
