Source: isid.org.in
Topic: Stock Investment
Sort Desciption: the measures to develop the stock market and liberalisation of the external sector, ... was probably expecting the stock market to again climb the heights ...
Content Inside: Stock Market * K.S. Chalapati Rao With the backing of the World Bank group, many developing countries started giving prominence to stock markets for financing enterprises and allocation of savings. In India too, the process started in the early eighties. In the wake of increased pace of economic liberalisation initiated in 1991, the Capital Issues Control Act, 1947 , which till then regulated the issue and pricing of new capital, was done away with and even greater emphasis was placed on the stock market. As a part of the measures to develop the stock market and liberalisation of the external sector, foreign institutional investors were invited to trade directly on the Indian stock ...
