Finance Minister Arun Jaitley will address the BRICS seminar on ‘Challenges in Developing the Bond market in BRICS’ in Mumbai on Tuesday.
The one-day seminar will provide a platform to share the best practices from BRICS countries and to explore the global best practices which may be adopted to develop this market.
The key agenda of the seminar is to foster cooperation among BRICS in the development of financial markets. One of the areas which has been identified as a priority is the development of bond markets.
“The need to develop robust domestic bond markets has been increasingly felt the world over post the global financial crisis. A deep and vibrant bond market provides governments and corporate with an alternative and cost effective source of debt funding, which is vital for the economic growth and stability, said the Ministry of Finance, which is organising the seminar in partnership with Confederation of Indian Industry (CII). Department of Economic Affairs Secretary Shaktikant Das, Sebi Chairman U K Sinha, RBI Deputy Governor R Gandhi, and other experts will also address the seminar.