The Reserve Bank of India issued draft guidelines to further liberalise the regulatory framework governing overseas investments. Which of the following statement is/are TRUE in this regard?

Statement 1: The Draft Foreign Exchange Management (Non-debt Instruments - Overseas Investment) Rules, 2021 has outlined the restrictions on overseas investments.

Statement 2: Foreign Exchange Management (Overseas Investment) Regulations, 2021 proposes that an Indian entity may lend or invest in any debt instruments issued by a foreign entity subject.

1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2
5
Either 1 or 2

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