India rsquo s market regulator SEBI is on course to relax investment norms for sovereign wealth...........

Economic Affairs Financial Markets

India’s market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country. The main reason behind this move is

The desire of the Government of India to attract more foreign investment

Pressure by foreign governments on India to execute specific manual agreements on financial services

SEBI‘s desire to create a more level playing field for foreign investors

RBIs relevant directives to SEBI

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Explanation:

1st option is correct.
India’s market regulator SEBI is on course to relax investment norms for sovereign wealth funds, the investment vehicles which are directly controlled by the government of a country. The main reason behind this move is the desire of the Government of India to attract more foreign investment