"We have now insisted that asset management companies must have a voting policy which should be know to people outside," he said, adding that for credit ratings agency, SEBI is taking steps to ensure transparency in their decision- making process.
They have also been asked to ensure that the symbols of all the credit rating agencies are uniform. Sinha said in the last four-five years, India has allowed a number of new products, currency futures being one of them. The roadmap is to permit more and more derivatives, he
said, adding that in a gradual manner, SEBI is moving toward having more and more products.
Sinha said in the 11th Five-Year Plan (2007-12) almost infrastructure spending targets will be met and in the 12th Plan (2012-17), the target would be doubled to USD 1 trillion. The idea is to raise more and more rupee debt, he said.
PTI