The International Bullion Exchange will be the 'gateway for bullion imports into India', the finance ministry said in a statement.
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
Foreign sovereign bonds will not count towards a regulatory cap on holdings of overseas listed securities, the RBI reportedly told some banks in a notice.
The Financial Inclusoin Index for the period ending March 2021 measures at 53.9, compared to 43.4 for the period ending March 2017.
SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.
A reduction to T+1 is expected to increase market liquidity and trading turnover, while also reducing settlement risk and broker defaults.
New operational guidelines cover non-convertible securities, securitised debt instruments, security receipts, municipal debt securities and commercial papers.
SEBI is considering introducing a market maker programme and a backstop facility to improve liquidity in the corporate bond market, among other measures.
The central bank said it wants to further liberalise the regulatory framework for overseas investment and promote ease of doing business.
India INX and NSE IFSC are planning to launch trading in international stocks to provide new opportunities to retail investors.
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