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Mkt leaders urge FM to take steps to improve liquidity

Mint New Delhi

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January 03, 2025

Industry leaders from the capital market and financial sector urged measures to boost liquidity in the market and cut taxes on fixed deposit products in pre-budget consultations with finance minister Nirmala Sitharaman on Thursday.

- Rhik Kundu

The minister has met with economists, farmers associations, representatives of health, education, manufacturing sectors, MSMEs, and trade unions before Thursday's seventh round of consultations.

The proposals made by the capital market and financial sector included suggestions to align the taxation of fixed deposit products with that of equity investments and further streamline KYC procedures for non-resident Indians (NRIs).

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