Full convertibility, Rupee?

When is the Rupee going to become fully convertible? That is the question to which I would veryt much love to know the answer to. The finance minister of India, seems to be all hell bent on implementing one of the dubmest ideas to date and that is none other than investing the pension funds in the stock markets. If he only did something about making the rupee fully convertible, that would make life a whole lot easier for a lot of us. Foe one thing, we would be able to send money out of india and invest overseas. As it is we can do that provided we accquire the permission of the RBI? Minister, are you listening?