Bibek Debroy, Chairman of the Economic Advisory Council to the PM said that India needs to achieve GDP growth of 8% to become a $5 trillion in the next five years.
The recent circular is seen as SEBI reiterating disapproval to Essel Group type incidents, where the terms of loans given by mutual funds to the group’s promoters were changed.
The circular does not specify any upper limit on such investments. Earlier, Aadhaar-based e-KYC holders were allowed to invest up to Rs 50,000 in a financial year.
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