May 17, 2022

SEBI bars foreign portfolio investors based in Mauritius, Cayman Islands and more

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By Bhumika Khatri From Inc42 Only FPIs located in Financial Action Task Force countries will be allowed to deal in participatory notes At present, FATF has a 39-member body The new rule is expected to impact many public equity funds and hedge funds In its latest notification, the Securities and Exchange Board of India (SEBI) […]

Mood of the nation poll: It’s now or never for Modi on black money

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By Anshuman Tiwar From daily O Indian investors are bringing illegal funds on a large scale through P-notes into the Indian market via tax havens. Having declared from the ramparts of the Red Fort that he would bell the black money cat, Prime Minister Narendra Modi now has an opportunity to act on his words. […]