CURRENT AFFAIRS

Detailed explanation-1: -SEBI constitutes 15-member committee to attract foreign investment; Former Chief Economic Advisor K V Subramanian appointed Chairman. The Securities and Exchange Board of India (SEBI) has constituted an expert group of Foreign Portfolio Investors (FPIs) to boost overseas flows into the country.

Detailed explanation-2: -Rejigging its FPI Advisory Committee, Sebi has said former finance secretary Hasmukh Adhia will now chair the 16-member panel. It was earlier headed by K V Subramanian, former chief economic adviser to the government of India.

Detailed explanation-3: -The FPI Advisory Committee (FAC) will be chaired by former Chief Economic Adviser KV Subramanian and consists of 14 other members representing foreign banks, stock exchanges depositories and RBI.

Detailed explanation-4: -In one such move, SEBI has increased the application limit for retail investors to ₹ 200,000, from ₹ 100,000 at present. On the occasion of World Investor Week 2022, SEBI Executive Director Shri G. P. Garg launched a book on Financial Literacy.

Detailed explanation-5: -The Securities and Exchange Board of India (SEBI) has constituted a 15-member committee to increase foreign investment. The advisory committee constituted by SEBI is called the ‘FPI Advisory Committee’ or FAC to ease ways for foreign investors to invest in the Indian markets by reviewing the existing processes.