The Bengal government has once again announced to revive the Calcutta Stock Exchange.
After Mumbai’s Dalal Street, the roar of Lions Range will soon be heard in Kolkata. Yes, here we are talking about none other than the 118 year old Kolkata Stock Exchange. The Bengal government has announced to revive it once again. While presenting its budget, the government said that Calcutta Stock Exchange i.e. CSE will be revived once again. So that Kolkata can be made the economic capital of Eastern India. With this, less money will be spent in listing and trading of companies. Many job opportunities will also be created. A few days ago, people associated with CSE from Bengal had met the Industry Minister of Bengal and demanded to restart the Kolkata Stock Exchange. Let us also tell you what kind of announcement has been made by the Bengal government.
Government’s big announcement regarding CSE
The government of West Bengal made a big announcement saying that Calcutta Stock Exchange is a 118 year old institution which is on the verge of closure due to many legal hurdles. The state government is proposing to help in restarting it, so that Kolkata can again get the status of financial capital. The government said that the resumption of Calcutta Stock Exchange will bring many benefits. With the start of the exchange, capital will start getting easily for Eastern India. There will be lower cost of listing and trading of companies. Also new jobs will be generated.
Bengal government’s announcement
On Monday last week, a delegation of the Calcutta Stock Exchange met the newly appointed Industries Minister Tapas Roy and appealed to the BJP government of the state to save the institute from closure. In a letter to Roy, CSE officials had said that the exchange wanted to withdraw its ‘voluntary exit’ application submitted to SEBI and revive the institution by resuming trading. Roy had agreed to consider CSE’s appeal and talk to the concerned authorities. Roy had said in the report of ‘The Telegraph’ that yes, we want to restart the stock exchange. We will contact the Union Finance Ministry and SEBI.
Trading was stopped in 2013
SEBI had stopped trading in CSE in April 2013. After a decade-long legal battle with the regulator, the exchange had filed for voluntary exit from the stock exchange operations in February 2025. However, SEBI has not yet issued the exit order. Exchange officials had earlier also contacted state BJP president Samik Bhattacharya and Suvendu Adhikari. Pointing out that SEBI has allowed the Metropolitan Stock Exchange to function from Mumbai, CSE officials said the Lions Range-based institute should also be revived as it has adequate funds, infrastructure and national presence. CSE members believe that reopening of the exchange will help fulfill BJP’s pre-poll promise of industrial revival in Bengal.
