Formation of BSE a step towards industrialization: Jaitley

Union Finance Minister Arun Jaitley today unveiled the postage stamps to commemorate 140 years of existence of the country's first and indigenously propelled stock exchange, the Bombay Stock Exchange (BSE).

Speaking at the event, Jaitley said that it was the need of the economy to give birth to the BSE.

Adding to the impact that the exchange has led on the Indian economy, he said, "I think this is the greatest revolution that took place to raise capital in the economy. The very idea of a company having a distinct identity enrolled the prospects of an opportunity to investors to choose and invest as per their needs."

Jaitley further said the formation of BSE was a step towards industrialization.

"It is important to make necessary changes and amendments for India's oldest stock exchange to prosper and keep the economy going," added Jaitley.