In the recent times the RBI and Securities and Exchange Board of India (SEBI) have taken various steps to control the flow of capital in Indian economy. Which of the
following is/are not included in these step(s) ?
1. Guidelines are issued to restrict unregulated overseas investors through ‘p-notes’.
2. Rs. 60,000 crores out of this fund is being provided to waive the loans on farmers.
3. Borrowers raising external commercial borrowings of over $ 20 million would have to
park the proceeds overseas for use as foreign currency expenditure