Page-12 of FDI

Current Account Deficit (CAD) in Q1 surges to $21.8 billion

As per the Reserve Bank of India (RBI), India’s Current Account Deficit (CAD) for the first quarter ended June 2013 has widened to 4.9% of Gross Domestic Product (GDP) compared to 4% in the same period of the previous financial ..

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Definition of 'control' in relation to FDI notified by RBI

The Reserve Bank of India notified the definition of term ‘control’ in the context of Foreign Direct Investment (FDI) and revised the list of states where FDI is allowed in multi-brand retail. What is ‘Control’ as per RBI notification? ‘Control’ shall include the ..

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SEBI relaxes KYC norms for foreign investors

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

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

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

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

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

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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