Finmin set up working committee to review existing policy on foreign portfolio investment
Nov 26, 2009 FEMA
To encourage foreign portfolio investment, the Finance Ministry has set up a working group for suggesting changes in the existing policy on foreign capital inflows by FIIs, NRIs and venture capital funds. The 16-member group on portfolio investments, to be headed by UTI MF CMD U K Sinha, will also review the current arrangements relating to participatory notes– instruments through which unregistered foreign entities invest in Indian stock markets, sources said.
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Tags: capital flows, capital inflows, fii inflows, finance ministry, global financial crisis, indian economy, indian stock markets, institutional investors, participatory notes, policy hurdles, portfolio investment, portfolio investments, selling stocks, stamp duty, transaction tax, venture capital funds