Finance ministry to meet FPIs for improving ease of doing business

New Delhi, Oct 19 (IANS) India’s finance ministry on Monday said it will hold interactive meetings with foreign portfolio investors (FPIs) and domestic financial market participants as part of the government’s endeavour to improve ease of doing business in financial markets.

“The meeting with FPIs is scheduled to be held tomorrow (Tuesday, October 20). The meeting with domestic financial market participants and stock exchanges will be held on October 21. The meetings would also be attended by representatives of RBI (Reserve Bank of India), SEBI (Securities and Exchange Board of India) and CBDT (Central Board of Direct Taxes) among others,” the ministry said in a release.

The meeting with FPIs would include discussions on simplifying the procedures and documentation for registration of FPIs, development of fund management industry in India, and FPI investment in corporate bond market.

The ministry in addition said that the meeting with domestic market participants would include discussion on integration of various segments of the market, increasing retail participation and deepening of corporate bond market.

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