Cabinet Liberalises Foreign Investment Norms For NBFC Sector: Expanding the list of non-banking financial companies which can attract foreign direct investment, the Cabinet on Wednesday permitted foreign investment through the automatic route in “other financial servicesâ€, if they are under regulators like the Reserve Bank of India and market regulator Securities and Exchange Board of … Read More →
The Commerce and Industry Ministry on Wednesday notified 49% foreign direct investment (FDI) under automatic route in insurance and pension sector. The announcement regarding this was made by Finance Minister Arun Jaitley in his Budget speech. In a press note, the Department of Industrial Policy and Promotion (DIPP) said the government has liberalised its FDI … Read More →
Giving a partial fillip to the e-commerce sector, the government on Tuesday permitted 100% foreign direct investment (FDI) under the automatic route for retail trading, in the marketplace model of e-commerce. However, FDI is not permitted in the inventory-based model of e-commerce. The notification, which is expected to redefine a section of the online retail … Read More →
Government is expected to propose 100% FDI in 25 more segments of NBFCs including commodity broking and infrastructure debt fund with a view to attract more foreign inflows. The proposal, according to sources, is based on the announcement for allowing FDI in more categories of Non-Banking Financial Company (NBFCs) activities, made by Finance Minister Arun … Read More →
FDI in Non-Banking Finance Companies (NBFC) is allowed up to 100% under the automatic route in only the following activities: Merchant Banking Under Writing Portfolio Management Services Investment Advisory Services Financial Consultancy Stock Broking Asset Management Venture Capital Custodian Services Factoring Credit Rating Agencies Leasing & Finance Housing Finance Forex Broking Credit Card Business Money … Read More →
India’s Outward Foreign Direct Investment (OFDI) dropped to $1.85 billion in the month of February 2016 as against $2.92 billion in the same month of last year. According do the data provided by the Reserve Bank of India (RBI), outward investments in equity, loan and guaranteed issue stood at $471.5 million, $252.8 million and 1.12 … Read More →
Foreigners who bring FDI might get long term visa or residency permit as the alternative is being explored by the government to make travel simple for businessmen as a major aspect of the ‘Make In India’ crusade. The Finance Ministry and the Home Ministry’s foreigners division are thinking whether India can offer long term visa … Read More →
The Reserve Bank of India (RBI) recently relaxed several rules including foreign direct investment norms to boost start-up activity in the country. To begin with, start-ups are allowed to receive foreign venture capital investment irrespective of the sector in which they operate. The new norms will enable transfer of shares from foreign venture capital investors … Read More →
The government recently said foreign entities would be allowed to own up to 15 percent stake in domestic stock exchanges, a move that would help boost their global competitiveness. The decision announced in the 2016-17 Budget speech by Finance Minister Arun Jaitley also comes against the backdrop of demand from various stakeholders who have been … Read More →