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Monday, March 31, 2008

The mess that is India's `FII' framework

Somasekhar Sundaresan has a great piece in Business Standard on the mess that is India's `FII' framework. Some of this can be rescued by a competent SEBI, but a deeper resolution requires the recognition that a scheme invented to create a narrow window of access to the Indian market in 1992 is out of touch with India of 2008.

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