Page-10 of FDI

SEBI relaxes KYC norms for foreign investors

September 16, 2013

In a bid to attract foreign investors to Indian capital markets, stock market regulator SEBI eased registration and disclosure norms for low-risk foreign investors and exempted low-risk overseas entities from onerous paper work. SEBI has formed 3 categories which classifies ..

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No proposal to increase FDI ceiling in banks

August 24, 2013

The government has clarified that there is no proposal to raise foreign investment limit in the banking sector. What is the current status of foreign investment in banking sector? Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be ..

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FDI limit in Asset Reconstruction Companies hiked to 74% – RBI

August 20, 2013

As per the RBI, the limit on Foreign Direct Investment (FDI) in Asset Reconstruction Companies (ARCs) has been increased to 74% from 49%, another measure to attract capital inflows to support a declining Rupee. The foreign investment limit of 74% in the company ..

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Government to tweak FDI policy for pharma to protect domestic units

August 20, 2013

A high-level meeting chaired by Prime Minister Manmohan Singh has asked the Commerce and Industry Ministry to start inter-Ministerial consultations on the issue of changing the norms of FDI policy for pharma which, in its current form, is not serving ..

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CCEA approves dilution of safeguards for FDI in multi-brand retail

August 4, 2013

The Cabinet Committee on Economic Affairs (CCEA) has given its nod for the “dilution” of certain safeguards including relaxing the 30% sourcing norm and doing away with the mandatory 50% condition for backend infrastructure investment which were approved by Parliament ..

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CCEA to consider new definition of “Control” in FDI policy

August 3, 2013

The existing clause in the FDI policy states that a company owned and controlled by resident Indian citizens has the power to appoint majority of its directors in that company. Now the Cabinet Committee on Economic Affairs (CCEA) has decided ..

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India emerges as the 2nd largest investor in London

July 25, 2013

India has come up as the 2nd largest investor in the city of London with Indian companies led by software major Infosys with the investment eagerness generated by the 2012 Olympic Games in the British capital. Infosys leads the inward Foreign Direct Investment (FDI) made ..

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FDI hike in 13 sectors, 100% in telecom as per Government

July 24, 2013

FDI in multi-brand retail sector is allowed after the agreement from the Foreign Investment Promotion Board (FIPB). With the growing demands from the overseas retails the government decided to liberalise Foreign Direct Investment (FDI) limits in 13 sectors including telecom, insurance, ..

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RBI defines term ‘control’, notifies FDI guidelines

July 7, 2013

The Reserve Bank of India (RBI) has notified Foreign Direct Investment (FDI) guidelines pending for past four years as Press notes 2 and 3 of the Department of Industrial Policy and Promotion will be used to ensure that foreign direct investments comply ..

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India: World’s 3rd most attractive FDI destination

June 29, 2013

As per the World Investment Report 2013 by the United Nations Conference on Trade and Development (UNCTAD), India is world’s third most attractive destination for investment by Transnational Corporations (TNCs) during 2013-15. In the survey based on responses of 159 ..

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