Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time
Home :: World

India eases overseas investment norms for commodity exchanges

India,Business/Economy, Tue, 10 Apr 2012 IANS

New Delhi, April 10 (IANS) Foreign institutional investors (FIIs) can now invest up to 23 percent in Indian commodity exchanges without government approval, the commerce and industry ministry said Tuesday.

 

In a consolidated foreign direct investment (FDI) policy document, the government said it had decided to liberalise norms for overseas investments in commodity exchanges.

 

Till now, overseas investment with a composite FDI and FII cap of 49 percent was allowed in commodity exchanges. Within this overall limit, investment by registered FIIs was limited to 23 percent and investment under the FDI scheme was limited to 26 percent.

 

For both FDI and FII categories, prior government approval was required.

 

However, as per the new circular, now the FII investments would not be required to be cleared by the government.

 

"It has now been decided to liberalise the policy and to mandate the requirement of government approval only for FDI component of the investment. Such investment by FIIs, in commodity exchanges, will, therefore, no longer require government approval," the Department of Industrial Policy and Promotion said in the new circular.

 


LATEST IMAGES
Haryana CM Manohar Lal congratulate former Deputy PM Lal Krishna Advani on his 92nd birthday
King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image
 
 

Comments:


 

OTHER TOP STORIES


Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.