The Finance Ministry will decide on action to be taken on alleged irregularities at crisis-hit National Spot Exchange Ltd (NSEL) as per the report of a high-level panel headed by Economic Affairs Secretary Arvind Mayaram.
Mayaram panel, which is probing in the NSEL mess, will submit its report on Friday. Sources say that the committee is likely to have found no systemic implications of the default, reports CNBC-TV18's Aakansha Sethi.
The Mayaram panel report on FDI reforms was discussed by senior officials from the Department of Industrial Policy & Promotion (DIPP), the finance ministry as well as other departments on Monday.
Press notes 2 and 3 of 2009 that will allow foreign companies to invest in any sector has been forwarded by the finance ministry to the Reserve Bank of India (RBI) to make it a part of the FEMA framework.
