Stressing the need of foreign investments' flow into the country, the Union Finance Minister P Chidambaram on October 24 hinted at introducing fresh round of financial sector reforms.
The Finance Minister asked the regulators to initiate steps to boost foreign investment flows to avoid any adverse impact of the withdrawal of the stimulus by the US Federal Reserve.
The regulators and finance ministry officials have been advised by the Minister to use the 'opportunity available due to postponement of the reversal of the monetary policies in advanced economies to further address the macroeconomic imbalances
The financial sector reforms, sources said, would be based on the recommendations of the Financial Sector Legislative Reforms Commission, which has recommended an overhaul of laws.
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