The Securities and Exchange Board of India (Sebi) will set rules to enable fund managers to manage foreign money from Indian shores.
The market regulator will also make further relaxations to rules governing real estate investment trusts (Reits), to help the instrument take off.
The announcements are likely at Sebi’s board meeting on Friday. The board will also approve its annual accounts for 2015-16. It will be the last board meeting of Prashant Saran, Sebi’s longest-serving whole-time member. His term ends on June 27 and the government has already set the ball rolling to find a replacement.
7 best practices to keep your money safe from fraudsters
Read More