In addition, remittances facilities for Indian expatriates have been streamlined given the fact that India remains the largest remittance receiving country and such flows have huge beneficial impact for bridging the CAD. There has been calibrated enhancement in the investment limits for the FIIs in sovereign and corporate bonds.
The limit on investment in G-Secs has been enhanced to $ 20 billion from $ 15 billion. Long term investors like Sovereign Wealth Funds (SWFs), multi-lateral agencies, endowment funds, insurance funds, pension funds and foreign Central Banks have now been permitted to invest in Government securities.