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FISE suggests changes for growth and development
The Federation of Indian Stock Exchanges have put forward a memorandum covering a wide range of issues for the growth and development of capital markets and allowing banks to operate in the badla finance market. FISE has suggested an extension of the settlement cycle for liquid scripts to improve market liquidity. It has asked for the scrapping of the service tax, introduction of suitable insurance policy, registration of sub-brokers, availability of bank credit against securities and exemptions from capitals gains tax. To boost the capital market, FISE asked for a single window institution for the protection of investors’ interests.