(2/2) This will significantly reduce the processing timelines and greatly enhance operational flexibility and ease of access of FPIs to Indian capital markets.

(1/2) Finance Ministry has notified the revised Common Application Form for Foreign Portfolio Investors which would serve as a single window platform for the purpose of registration with SEBI, allotment of PAN and opening of bank and demat accounts.

In a path breaking reform, both Houses pass International Financial Services Authority Bill, 2019. It will set up a world class unified regulator for international financial services combining powers and functions of RBI, SEBI, IRDAI and PFRDA.

S&P expects the Indian economy to continue to out-perform its peers and that the growth will remain strong over the next 2 years.

S&P has reaffirmed sovereign rating of India at BBB- with stable outlook. They have stated that India’s economy continues to achieve impressive long-term growth rates despite a recent deceleration. Contd...

....His legacy will be etched in the portals of the Ministry of Finance. The Department of Economic Affairs and the Ministry of Finance stands with his family in this hour of need.

Shri Arun Jaitley will be remembered as a great leader and visionary, who steered the Indian Economy between 2014 and 2019. A wonderful human being and a warm personality, he was an immense source of inspiration and counsel for officials in the Fin Ministry...