The banks must have the freedom to offer differentiated wages and salary to employees working in different geographies and their emoluments must be linked to their productivity.
The United States, United Kingdom, Hong Kong, Japan, Singapore and China have all provided alternative platforms for emerging companies, with less onerous disclosure and other requirements, compared to main market listings.
With A1+ rated Commercial Papers being the norm, it is time the market is expanded to include A1 as a means to optimize cost for issuers and at the same time extend a measured means of enhancing returns.
The recommended steps to enhance investment are: Increase equity exposure of pension fund to expedite regulatory clearance, introduce innovative products, make Demat account compulsory for residents, increase equity exposure of Provident Fund
By becoming an investment vehicle of choice for the masses and the niche, the day is not far when mutual funds will democratize capital markets with huge growth and deepening contribution.