SBI Research urges tax clarity on G-secs and ECB rules to deepen domestic borrowing markets.
Context
What happened: SBI Research called for greater tax clarity on government securities and clearer rules for external commercial borrowings, saying further policy measures could deepen domestic borrowing avenues.
Key numbers: Ecowrap report dated October 15.
Why it matters: The report says global financial turbulence and continuing capital-account deficits leave little room for complacency, and the government now needs to address structural frictions affecting investment and funding decisions.