Q. The term Fully Accessible Routes (FAR), that was recently in news, is related to which of the following?
Answer:
Investments
Notes: ‘Fully Accessible Route’ refers to a new route of Investment by Non-residents in Government Securities of India announced in Budget 2020-21. The government has lifted almost all restrictions related to investment ceilings etc. under this route. The term was recently in news again as America's investment bank JP Morgan opted not to include India's government bonds in one of its flagship emerging market indexes after investors cited ongoing problems with capital controls, custody and settlement and other operational snags in India.