The union finance ministry officials gave in-principle approval to the proposal of the Reserve Bank of India (RBI) to do away with the cumbersome procedure of incorporating a company by non-residents and facilitate foreign direct investments (FDI). Reports indicate that the proposal may facilitate inward remittances to meet pre-incorporation expenses of a co
Tag: inflow
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Govt raises foreign investment limit in bonds
Government allowed foreign investors to invest up to $75 billion in Indian bonds compared to the earlier limit of $65 billion. The government raised this limit by allowing foreign investors to deploy an additional $5 billion each in corporate bonds issued by non-infrastructure companies and government bonds. Inves
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L&T arm secures Rs 6.4 bn contract
The Buildings & Factories arm of the construction and engineering major Larsen & Toubro secured a Rs 644 crore