The Government has sent the Report of the Working Group on foreign investment in India to the financial sector regulators for their comments/remarks and has also put on the website of the Finance Ministry (http://finmin.nic.in) to achieve wider consultation.
Comments on the Report may be sent by e.mail to am.bajaj@nic.in and shefali.dhingra@nic.in by 8th October, 2010. Earlier the working group consisting of members from the Government of India, SEBI and private sector had submitted its report to the government on 30th July, 2010.
With a view to rationalize the present arrangements relating to portfolio investments by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs), Foreign Venture Capital Investor (FVCI) and Private Equity entities etc., the Government had set up a working group to look at various types of foreign fund flows, which take advantage of arbitrage across the respective stand-alone regulations and also make recommendations to the Government.
