Information about these meetings was given by Nirmala Sitharaman’s office by posting on social media platform X. All these meetings have taken place separately.
The Finance Minister met representatives of the Commodity and Capital Market Participant Association of India (CPAI) at a time when selling by foreign investors in the market remains a matter of concern and the government is continuously raising funds to attract foreign investment.
Among the latest steps, the RBI earlier this month brought income from returns in government securities under tax exemption for foreign investors. On the one hand, this will increase foreign investment in the country. On the other hand, amid global instability, the rupee will also stabilize against the dollar.
In mid-June, the Finance Minister had said at an event that the government would take further steps to attract more foreign capital into the country and the recently announced measures for the bond market were just a beginning in this direction.
Sitharaman further said, “We believe that there is a need for more foreign capital to come into the country. But the Reserve Bank of India (RBI) allowing public sector companies and banks to raise funds from abroad is not the end of the story. We will take further steps as well.”
He said the government understands the need to increase foreign investment and is working closely with the RBI to ensure that the markets continue to receive the required investment.
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