The Government has envisaged number of steps to deepen the Indian Financial markets. Presenting the Interim Budget 2014-15, the Union Finance Minister Shri P. Chidambaram outlined the steps as below:

• To comprehensively revamp the ADR/GDR scheme and enlarge the scope of Depository Receipts;
• To liberalise the rupee-denominated corporate bond market;
• To deepen and strengthen the currency derivatives market to enable Indian companies to fully hedge against foreign currency risks;
• To create one record for all financial assets of every individual;
• To enable smoother clearing and settlement for international investors looking to invest in Indian bonds.

Deepening financial markets: measures to revamp depository receipts, liberalise rupee corporate bonds and strengthen currency hedging. Government measures aim to expand the Depository Receipts framework, liberalise the rupee-denominated corporate bond market, strengthen the currency derivatives market for corporate hedging, establish a single consolidated record of individual financial assets, and improve clearing and settlement to facilitate international investment in Indian bonds.