To soothe nerves of jittery foreign investors after an SIT on black money suggested stricter norms for P-Notes, the Government today said that they will not take any "knee-jerk" reaction that will adversely impact country's investment climate. Finance Minister Arun Jaitley said in New Delhi that the government will study the suggestions before taking a stand. The government said a view will be taken only after consultations with SEBI, RBI and others. Mr Jaitley also said that it is too early to say what view the government would take. The Supreme Court-appointed SIT on black money last week recommended a host of measures, including suggesting the securities regulator SEBI to tighten norms related to participatory notes investments into India. Revenue Secretary Shaktikanta Das said in New Delhi that there should be no uncertainty in market as presently status quo prevails. The SIT had suggested the Securities and Exchange Boardof India (SEBI) to put in place regulations to help identify individuals holding participatory notes or off-shore derivative instruments (ODIs), and take other steps required to curb black money and tax evasion through the stock market route. Participatory Notes or P-Notes are instruments issued by registered foreign institutional investors (FII) to overseas investors, who wish to invest in the Indian stock markets without registering themselves with the market regulator. On the draft Indian Financial Code, which proposes to dilute powers of the RBI chief, the Finance Minister said that the government will take a view on it after receiving comments from stakeholders.