Sebi has asked the government to approve tax breaks for municipal bonds to fund grass-root infrastructure. Currently, India’s municipal bond market is 0.6% of the nation’s bond market, contrasting with the US’s $4 trillion market. Sebi is also planning steps to enhance investor protection in the futures and options (F&O) segment.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of