Cse Presents Memorandum To Fm

The Calcutta Stock Exchange (CSE) has urged finance minister Yashwant Sinha to announce several measures including buy back of shares by promoters in the forthcoming union budget to rejuvenate the financial markets. In a pre-budget memorandum submitted to the minister, the exchange has further urged for transparent corporate governance through uniformity in presentation of accounts in an unabridged form and disclosure of the end use of funds raised through public issue of shares or debentures as a separate note in the balance sheet. The bourse has also highlighted other major issues like regeneration of the debt market, reconsideration of the service tax levied on the brokers and introduction of tax benefits for investments in IPOs up to Rs 30,000