Page-2 of FII
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 ..
Month: Current Affairs - February, 2014
RBI permits foreign buyers to invest in South Indian Bank
The Reserve Bank of India (RBI) has given its permission to foreign investors to buy shares in South Indian Bank. The restrictions placed on the purchase of shares of the South India Bank are withdrawn with immediate effect. At this ..
Month: Current Affairs - January, 2014
FII inflow in Indian equities reaches Rs 1.13 lakh crore
The Foreign Institutional Investors (FIIs) are figured to have made a net inflow of over Rs. 1.13 lakh crore in the Indian equity market in 2013. At gross level, FIIs purchased stocks worth Rs 7.96 lakh crore in 2013 and ..
Month: Current Affairs - January, 2014
SEBI made fund-raising easier for corporate India and tightened noose on fraudsters
In order to raise funds easier for companies through genuine equity or debt offers, the market regulator SEBI approved new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit money-pooling schemes. The measures ..
Month: Current Affairs - December, 2013
SEBI: Foreign portfolio investors will be treated on par with FIIs on tax issues
In consultation with the Finance Ministry, Securities and Exchange Board of India (SEBI) decided to treat the three categories of Financial Portfolio Investors (FPIs) uniformly for tax purposes. In other words, the new rule aims to bring all foreign investors ..