Arun Jaitley addresses boards of Reserve Bank, SEBI at customary post-budget meet

Finance Minister Arun Jaitley on Saturday addressed boards of Reserve Bank and markets regulator Sebi at a customary post-Budget meeting.

Discussing the future agenda for the capital markets regulatory body, Jaitley said that Sebi is evolving as per the requirements of the economy and markets as a professional organisation.

“Sebi is a professional organisation with a considerable experience in this line and has been evolving as per the needs of the economy and the markets itself," Jaitley told reporters after his post-Budget address to Sebi's board.

“Primarily, we discussed issues relating to markets ... subjects related to future agenda, some of which are Sebi's own agenda because of various evolutions in markets and technologies and some of which are necessitated by Budget announcements...

“It is those subjects which we have discussed at the meeting today,” the Minister said.

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Along with Minister of State for Finance Arjun Ram Meghwal and Sebi's Chairman Designate Ajay Tyagi, Sebi's current Chairman U K Sinha were also present in the meeting with others.

About SEBI

#It was established in 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.

#Sebi's board comprises whole-time members, independent directors and nominees from Finance Ministry, Corporate Affairs Ministry and the Reserve Bank.

#SEBI was set up with a mandate to protect interests of investors in securities.

With PTI Inputs