Time to unravel final beneficiaries in shady FPIs

https://www.thehindubusinessline.com/opinion/editorial/editorial-time-to-unravel-final-beneficiaries-in-shady-fpis/article66920880.ece Clipped from: https://www.thehindubusinessline.com/opinion/editorial/editorial-time-to-unravel-final-beneficiaries-in-shady-fpis/article66920880.ece SEBI is proposing to plug all the loopholes by stating that it will use the ‘look through’ principle to identify the ultimate

🙏Article is by Ex RBI official Mr GN Rath — some of the issues / points raised –[1] just how did the central bank conclude that the¹ entire stock of 2000 notes is soiled, mutilated and unfit to remain in circulation warranting a mass withdrawal? [2] any change in policies on currency and payments must be preceded by broad consultation and a better enunciation of objectives and ultimate outcomes than the ones that have been offered. —Courtesy BL 25.5.23

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