Finance Minister Arun Jaitley will address the boards of the Reserve Bank and markets regulator SEBI today, highlighting various financial sector reforms announced in the Union Budget 2018-19.
He may also take up the issue of additional Rs 13,000 crore dividend to be transfered by RBI to the Government.
The customary post-budget meeting is taking place this time against the backdrop of hardening bond yield and apprehensions that interest rates may rise.
Besides, the Government has introduced long Term Capital Gains Tax on equities sending stock market in tizzy at a time when oil prices have been on the rise globally and stock markets have tumbled across the world.
That apart, it has decided to deviate slightly from its fiscal deficit target, raising it to 3.5 per cent of the GDP for 2017-18 from 3.2 per cent pegged earlier.
An official said the SEBI board meeting today, first after presentation of the Union Budget for 2018-19, would discuss various budget proposals as well as other issues.