KOLKATA: Lowering of government borrowings as announced in the budget from Rs 5.80 lakh crore to Rs 3.48 lakh crore during the current fiscal would augur well for the corporate bond market, a SEBI official said. "The government has expressed its decision to adopt the path of fiscal rectitude. Thus the previous government borrowings figure of Rs 5.80 lakh crore has been pared to Rs 3.48 lakh crore. "It is the duty for everyone, including the regulators, to see that the secondary market becomes vibrant which will also bring in depth. "We have developed a lot of eco-system, but that eco-system needs to go the full distance," Mahalingam said.The government and the regulators had put in place several measures to increase the attractiveness of the bonds, he added.

Source: Economic Times February 21, 2017 09:49 UTC