Sebi move on FPI regime grounded

The Securities and Exchange Board of India (Sebi)'s move to harmonise various modes of foreign investments into Indian markets has hit a finance ministry road block. At its board meeting in October, Sebi had approved the foreign portfolio investors (FPI) regime and announced the formulation of the Sebi (Foreign Portfolio Investors) Regulations, 2013. Earlier, the regulator allowed foreign investments into stocks through its two-decade old foreign institutional investors (FIIs) framework and the qualified foreign investors (QFI) mode.

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