The Bhartiya Janta Party (BJP) led West Bengal Government is weighing options to revive the defunct Calcutta Stock Exchange (CSE). West Bengal Finance Minister Dr. Swapan Dasgupta, during his maiden budget
speech, proposed the revival of the CSE that would help in attracting private investment and restoring Kolkata’s status as an eastern Indian financial center.
The Calcutta Stock Exchange was suspended in 2023 by the Securities Board of India (Sebi) over regulatory issues as it failed to meet key norms related to trading volumes, clearing and settlement infrastructure, and other regulatory obligations. The suspension was later upheld by the courts.
Since 2013, the Calcutta Stock Exchange has remained defunct.
Since then, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are the major exchanges in India.
