Press notes 2 and 3 of the Department of Industrial Policy and Promotion (DIPP) have been notified by the Reserve Bank of India (RBI) recently. The notes, which have been pending for the last four years, relate to guidelines for foreign direct investment (FDI), defining control over the company and transfer of ownership. The press notes provide definition of 'owned or controlled', a term which is essential to determine whet
Tag: limit
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DIPP to consult ministries on FDI hike proposal
Department of Industrial Policy and Promotion (DIPP) will consult with different central government ministries separately on the proposal to raise the foreign direct investment limit in different sectors. It may be recalled that the Mayaram Committee recommended raising FDI limit in almost all sectors to 49 per cent through the automatic
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Govt may limit premium airline seats
The Union government is likely to limit the number of seats that an Indian carrier can sell to passengers through pre-booking for a fee to 15 per cent to 20 per cent of the aircraft capacity. The aviation ministry is planning to ask airlines to limit this to the front and emergency row seats that have more legroom and the window and aisle seats of the second to fifth or sixth row.
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RBI simplifies norms on foreign investment in bonds
The Reserve Bank of India (RBI) has simplified investment norms for foreign investors in the bond market. Earlier, there was a restriction that foreign investors can invest a maximum of $10 billion in treasury bills. Now, the central bank prescribed a overall cap of $25 billion on investment in government bonds, including both long- and short
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IRB allowed to receive 49% investment from FIIs
Road project developer IRB Infrastructure Developers received approval from the Reserve Bank of India (RBI)
to receive up to 49 per cent of its paid up capital as investment from Foreign Institutional Investors (FIIs). This would allow FIIs to raise their investment in the company's equity shares and convertible debentures unde
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IRB allowed to receive 49% investment from FIIs
Road project developer IRB Infrastructure Developers received approval from the Reserve Bank of India (RBI)
to receive up to 49 per cent of its paid up capital as investment from Foreign Institutional Investors (FIIs). This would allow FIIs to raise their investment in the company's equity shares and convertible debentures unde
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Experts suggest raising limit on FII investment in bonds
Some experts suggest the government to raise investment limit of foreign institutional investors (FIIs) in corporate bonds help investment in the infrastructure sector. They also want the government to raise investment limit of FIIs in government bonds as this would help in brin
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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