The Reserve Bank of India has sought clarification on some specific changes in the new foreign direct investment (FDI) policy and the rationale for the shift before it incorporates them in the foreign exchange rules. In a letter to the Department of Industrial Policy and Promotion (DIPP), the key government body for framing foreign investment [...]
Archive for the ‘FEMA Law’ Category
RBI asks clarification on FDI policy changes in aviation sector
Posted by khyati on August 24th, 2010
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New committee on FDI in multi-brand retail
Posted by khyati on August 19th, 2010
The government is planning to set up a committee to consider opening of the multi-brand retail trading business to foreign companies. The move comes even as it is in the proces of collating feedback on a discussion paper issued by it on the subject. While talks to set up the committee are still preliminary, senior
Govt may allow 100% FDI in Asset Reconstruction Companies
Posted by khyati on August 18th, 2010
The government may allow higher foreign investment in asset reconstruction companies (ARCs) that buy distressed loans of banks and make money by recovering them. The proposal is aimed at addressing the capital constraints faced by ARCs, which has impaired their ability to scale up business. Foreign direct investment, or FDI, in ARCs may be increased [...]
Bharti Walmart: Govt should allow 49% FDI in retail
Posted by admin on August 13th, 2010
Considering the political sensitivity over full-scale opening of foreign direct investment in multi-brand retail, the government should initially allow only 49 per cent foreign investments, according to Bharti Walmart. In its comment on the industry department’s discussion paper on foreign direct investment in multi-brand retail, the joint venture between Bharti Enterprises and Walmart, said though [...]
Exporters not enthused about trade policy
Posted by admin on August 10th, 2010
With the government focusing on financial consolidation, exporters are not hoping for any major incentive aside from a procedural tinkering from the annual review of the foreign trade policy later this month. “Exporters are not expecting much (in terms of) financial part of the Foreign Trade Policy (FTP), but I think government would take some [...]
SEBI lowers single FII investment ceiling in govt & corporate debt
Posted by admin on August 8th, 2010
With the debt market attracting foreign institutional investors in droves, market regulator SEBI today drastically reduced the amount that a single such entity can invest in government and corporate papers. According to a circular issued today, SEBI has lowered the ceiling on investment by a single FII in government debt to Rs 100 crore from [...]
