Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same. Recently, Commerce and Industry Minister Anand Sharma has reportedly discussed the issue with Finance Minister P Chidambaram. After the meeting, Sharma said the g
Tag: FII
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Ambiguity on FDI policy
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same.
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Govt may implement change in FDI control definition prospectively
In an interview to a leading newspaper, Union Commerce Minister Anand Sharma that the proposed changes in the definition of foreign ‘control and ownership’ would be applicable prospectively. Applying the proposed change in definition is necessary to protect the interest of foreign companies that entered into joint-ventures, partnerships or inves
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FM hopes Indian economy would get back to 8% growth
Finance Minister P Chidambaram remarked that the Indian economy is poised for a potential growth rate of 8 per cent and the country has not fixed the limit to foreign investments. While attracting investors from Canada and the USA, he said the Indian economic downturn is a temporary phenomenon. Between 2004 and 2012, India had a growth rate of 8 per cent for six years and four
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RBI to circulate paper on FDI, FII classification
The Reserve Bank of India (RBI) would circulate a discussion paper within the next 15-20 days on the classification of foreign direct investment (FDI) and foreign institutional investment (FII) into the country. In his Budget speech, Union Finance Minister P Chidambaram had proposed to follow the international practice with regard to defining FDI and FII
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Govt sets up panel to study definition of FDI, FII
The government set up a committee to examine and work out the details of the application of the principle followed internationally for defining foreign direct investment (FDI) and foreign institutional investment (FII). The finance ministry is learnt to have set up an eight-member committee under Economic Affairs Secretary Arvind Mayaram for giving clear definitions to
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Govt clears Rs 732.77 cr FDI proposals
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on March 6, 2013, the government cleared six proposals of Foreign Direct Investment (FDI) amounting to Rs 732.77 crore approximately. The proposal includes the plan of Navayuga Road Projects , Hyderabad to act as an investing company and to m
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Finance ministry taking steps to boost foreign capital inflows
Union finance ministry is taking various steps to promote foreign investment, both foreign direct investment (FDI) and foreign institutional investment (FII) into the country. Among the various steps being taken is the review of the policy on foreign direct investment and look at the possibility of relaxing the sectoral caps, as well as removal or simplification of conditions identified for ever
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FII investment cap in bonds raised
The ceiling on investment by foreign institutional investors (FII) in government bonds and corporate bonds has been raised by $5 billion each. The sub-limit of $10 billion for investment by FIIs in G-secs was enhanced by $5 billion, Reserve Bank of India ( RBI) said. The cap on corporate debt other than in the infra
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FIIs invest over $20.10 bn in equities
Data from Securities and Exchange Board of India (SEBI) shows that foreign institutional investors (FIIs) have deployed $20.10 billion in Indian equities in the January-November 2012 period. Reports suggest that this is the second time FII investment has risen to such a level after India threw open