Mumbai, Feb. 1 -- Finance Minister Nirmala Sitharaman said individual persons residing outside India (PROI) will be permitted equity investments in listed Indian companies through a portfolio investment scheme. She also proposed raising investment limit for PROIs to 10 per cent from 5 per cent. The finance minister also proposed making framework with suitable access to funds and derivatives on corporate bond indices.

Published by HT Digital Content Services with permission from Capital Market....