Sebi favours tax breaks for municipal bond subscribers: Official
Sebi) has approached the government to allow tax breaks for subscribers of municipal bonds that are crucial for funding infrastructure development at the grass-root levels, a senior official said on Tuesday.
The capital markets watchdog will also root for a tax break for municipal bonds during its meeting with the Finance Commission, Sebi whole-time member Ashwani Bhatia said.
The regulator could soon take more steps to further bolster investor protection in the futures and options (F&O) segment, he added.
Bhatia was speaking at an event organised by the Institute of Chartered Accountants of India (ICAI) in the national capital.
Municipalities in India have raised only Rs 2,700 crore through bonds for infrastructure projects, which represents just 0.6% of the country’s overall bond market, Bhatia said.
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