Question

The panel set up by the government for considering splitting overseas inflows into two categories- Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI) - is headed by who among the following ?

• A. Arvind Mayaram
• B. Anand Sinha
• C. Subir Gokarn
• D. KC Chakrabarty
• E. Usha Thorat

Answer 1

The correct option is A Arvind Mayaram

The government had set up a four-member committee headed by Economic Affairs Secretary Arvind Mayaram to define FDI and FII and remove the ambiguity between them.

The government is considering splitting overseas inflows into two categories — Foreign Portfolio Investment (FPI) and Foreign Direct Investment (FDI) — with a minimum composite cap of 49 per cent.