The West Bengal government has proposed supporting the revival of the Calcutta Stock Exchange (CSE), a move that could help restart operations at one of India's oldest stock exchanges. The announcement was made during the presentation of the state's 2026-27 budget and comes as the exchange faces uncertainty over its future.
Presenting the 2026-27 state budget, Finance Minister Swapan Dasgupta said the government intends to support the revival of the 118-year-old Calcutta Stock Exchange as part of its broader vision for a developed Bengal and India.
According to the minister, the exchange has faced challenges due to legal and regulatory hurdles. He stated that reviving the institution could help Kolkata strengthen its position as a financial centre while improving access to capital in Eastern India.
The minister said the proposed revival could provide easier access to capital, reduce listing and trading costs, and create employment opportunities.
The state government's proposal follows recent efforts by the exchange to restart its operations.
A delegation from the Calcutta Stock Exchange recently met West Bengal Industry Minister Tapas Roy and sought government support to prevent the institution from shutting down.
In a letter submitted to the minister, exchange officials expressed their intention to withdraw the voluntary exit application filed with the Securities and Exchange Board of India (SEBI). Instead, the exchange indicated its interest in reviving operations and resuming trading activities.
The Calcutta Stock Exchange has not conducted trading activities since April 2013, when SEBI suspended its operations.
The regulator had raised concerns regarding compliance requirements, governance standards, and technological infrastructure. Following years of legal proceedings and discussions with the regulator, the exchange filed an application for voluntary exit from stock exchange operations in February 2025.
However, SEBI has not issued a final exit order, leaving open the possibility of a revival.
The West Bengal government has proposed supporting the revival of the Calcutta Stock Exchange, which has remained inactive since 2013. The proposal follows the exchange's efforts to withdraw its voluntary exit application and resume trading operations, while awaiting a final decision from SEBI. It also aims to support Kolkata's historical role in India's financial sector and encourage economic activity linked to capital markets.
Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 22, 2026, 4:23 PM IST
Rakesh Deshmukh
Rakesh Deshmukh is a financial content specialist with around 3 years of experience writing impactful content across equities, mutual funds, IPOs, and personal finance. At Angel One, he decodes real-time market trends and breaking news, helping investors and traders stay updated. He also helps investors make informed decisions by simplifying market fundamentals and technical analysis. He holds a bachelor’s degree in commerce.
Know MoreWe're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
