Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact disclosures and taxpayer identification requirements, aiming to maintain seamless foreign investor access and improve ease of doing business in Indian financial markets.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend