Green signal for FDI in proprietary trading

Jul 19

Green signal for FDI in proprietary trading

The finance ministry has decided to allow foreign direct investment (FDI) in proprietary trading, despite the Reserve Bank of India’s (RBI’s) opposition. RBI feels allowing foreign companies into this business may affect financial stability. The ministry, however, felt since foreign companies were willing to invest their own money, they should be allowed to do proprietary trading
http://www.business-standard.com/india/news/green-signal-for-fdi-in-proprietary-trading/440735/

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