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Government says addressing concerns over investment rule changes

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Reuters NEW DELHI

NEW DELHI (Reuters) - The Indian government is addressing concerns arising from the market regulator's new foreign fund rules for non-resident Indians, a finance ministry adviser said on Wednesday.

"We are working on something," Shashank Saksena, an adviser in the Ministry of Finance, said amid concerns over an April circular from the Securities and Exchange Board of India that said foreign investment rules for companies of Indian origin had been tightened.

(Reporting by Suvashree Dey Choudhury; Writing by Sanjeev Miglani; Editibg by Krishna N. Das)

 

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First Published: Sep 05 2018 | 5:38 PM IST

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