FM to have action-packed day in financial capital

Will launch Rajiv Gandhi equity scheme

 

The union finance minister P Chidambaram will have event packed day in country’s financial capital tomorrow with launch of Rajiv Gandhi equity scheme as highlight of the visit.    

Soon after touching down city airport, he will head to Bandra–Kurla Complex, emerging financial sector hub, to inaugurate new building of Punjab National Bank.

Later, the finance minister will travel to State Bank of India headquarters at Nariman Point to address SBI board and senior executives in close-door meeting.

From their, he would attend function to Flagging off Rajiv Gandhi Equity Savings Scheme, crucial for increasing retail participation in equity markets.

Related to capital market, he will also inaugurate MCX Stock Exchange trading platform at a separate function as step to increase vibrancy capital market.

During the day he will also interact with representatives of non-banking finance companies to discuss regulatory framework and business issues.

Chidambaram would round up his visit by launching infrastructure debt fund being floated by IL&FS. The debt fund has planned to initially to raise $ one billion to finance infrastructure projects as well as takeover some infrastructure loans from banks on its books.