The Securities and Exchange Board of India has permitted 100 per cent contribution from non-resident Indians (NRIs) and overseas citizens of India (OCIs) in the corpus of foreign portfolio investors (FPIs) based out of Gujarat International Finance Tec-City (GIFT City), the country’s international financial services centre (IFSC). However, the Indian diaspora is yet to fully warm up to this new route.
Finance Minister to launch NPS Vatsalya Scheme on Wednesday
Read More