ZCZP ( zero coupon zero principle) These are financial inst | Economy Notes UPSC

ZCZP ( zero coupon zero principle)

These are financial instruments that any non-profit organisation can use to raise funds.

The borrowing entity does not have to pay interest—therefore zero coupon—and it does not have to pay the principal (zero principal) either.

BSE had already got approval for the SSE as a separate segment (in 2022)

The idea of SSE was first floated by Finance Minister Nirmala Sitharaman in her 2019-20 Budget speech.