FII
Union Cabinet gives nod to Composite Foreign Investment Cap
Union Cabinet has given nod to introduce composite foreign investment cap in a bid to streamline the Foreign Direct Investment (FDI) structure. Decision in this regard was taken during Union Cabinet meeting chaired by Prime Minister Narendra Modi in New ..
Month: Current Affairs - July, 2015
Union Government Constitutes Justice AP Shah Committee to look into the issue of MAT on FIIs
Union Government has constituted Committee headed by Justice A.P. Shah to look into the issue of Minimum Alternate Tax (MAT) on Foreign Institutional Investors (FIIs). It was announced by Union Finance Minister Arun Jaitley in Rajya Sabha. The committee will ..
Month: Current Affairs - May, 2015
Provide information to SIT on black money: RBI directs banks and FIs
The RBI has asked all Banks and Financial Institutions (FIs) to provide information and documents sought by the Special Investigation Team (SIT) set up to uncover black money. The new Government at Centre recently constituted an SIT under the chairmanship of ..
Month: Current Affairs - June, 2014
Mayaram Committee’s definitions of FDI, FII accepted by the Government of India
The Government of India has accepted the report of Mayaram Committee thereby accepting the definitions of FII and FDI. The panel headed by Finance Secretary was set up to rationalize the definitions of FII and FDI. Some key points from ..
Month: Current Affairs - June, 2014
LIC trims stake in Infosys to 3.25%; garners ₹850 cr
LIC, the biggest institutional investor in the stock market, the State-run insurer Life Insurance Corporation of India (LIC) has reduced its stake in Infosys, the country’s second largest software services exporter, to 3.25% in the last quarter. The share sale estimated at ..
Month: Current Affairs - April, 2014
RBI allowed FIIs to purchase 30% shares in Dabur
The Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs) to purchase shares in Dabur India up to 30% of the firm’s paid up capital. FIIs have been allowed to buy more shares in Dabur India as the company ..
Month: Current Affairs - February, 2014
Govt. allows FIIs, NRIs to invest in insurance sector
The Union Government has allowed 26% foreign investment in insurance sector in activities related to insurance viz. broking, Third Party Administrators (TPAs) and surveyors and permitted Foreign Institutional Investors (FIIs) and Non-Resident Indians (NRIs) to also invest in insurers within ..
Month: Current Affairs - February, 2014
Uniform tax rate for foreign portfolio investors
The Union Government stated that Foreign Portfolio Investors (FPIs) will attract uniform tax rate in all categories. The Central Board of Direct Taxes notified that the new class of investors, FPIs, would be treated as FIIs under the Income Tax ..