Govt declares ‘zero coupon zero principal instruments’ as securities

The government has declared “zero coupon zero principal instruments” as securities.

Zero coupon zero principal instrument:  An instrument issued by a Not for Profit Organisation, will be registered with the social stock exchange segment of a recognised stock exchange. These will be governed by rules made by the Securities and Exchange Board of India.

Social Stock Exchange: To serve private and non-profit sector providers by channelling greater capital to them.