Single Investment Regime in The Works For NRIs
NRIs are currently allowed to invest in Indian markets directly and indirectly through multiple routes.
India may soon have one investment avenue for non-resident Indians (NRIs). A Securities and Exchange Board of India panel is set to suggest that the NRI and portfolio investment scheme (PIS) routes be merged with that of foreign portfolio investors (FPIs). The move is aimed at having a uniform regime for all foreign portfolio investors, said three people close to the development.