Budget 2020 announcement: Increasing investment limit of FPIs in corporate bonds from 9% to 15%
Finance Minister Nirmala Sitharaman on Saturday proposed to increase investment limit of FPIs in corporate bonds from 9 percent to 15 percent.
She also proposed debt-exchange traded funds comprising mainly government securities, while stating that Rs 22,000 crore has already provided as support to infrastructure project pipeline.
To address liquidity constraints of NBFCs and housing finance corporations, partial credit guarantee scheme will be launched by the government, she added. Sitharaman said a scheme will be introduced to provide subordinate debt for entrepreneurs of MSMEs.
The government has asked the RBI to extend debt restructuring window for MSME by a year to March 31, 2021.
Moreover, a National Recruitment Agency will be set up for conducting common online eligibility tests for recruitment to non-gazetted posts, the finance minister said.
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