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Panel moots simpler norms to attract foreign investors

To attract more capital inflows, a panel appointed by Sebi on Wednesday suggested a slew of measures including simplified registration process for foreign investors and classifying them into a single category.

Besides, the committee headed by former Cabinet secretary K M Chandrasekhar, also suggested that Know Your Client (KYC) rules should be based on the risk profile of investors.

The recommendations from the panel come at a time when the government is exploring ways to lure foreign capital into the country to strengthen rupee.
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