India seeks RBI exemption for sovereign funds in AIF investments for stressed real estate projects.
India's government has requested the RBI to exempt sovereign funds from its recent tightened rules on investments in Alternative Investment Funds (AIFs), as they aim to aid stressed real estate projects. The RBI has suggested that if an exemption is granted for SWAMIH, similar treatment may be required for foreign sovereign funds. The central bank may consider exemptions on a case-by-case basis.
June 20, 2024
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