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Articles for Fdi, search results for payment

RBI introduces framework for reclassification of FPI to FDI
Trending News
1 month, 1 week ago

RBI introduces framework for reclassification of FPI to FDI

Live Mint  

The Reserve Bank of India on Monday introduced a streamlined operational framework to allow foreign portfolio investors to convert their investments to foreign direct investment when equity holdings in Indian companies surpass the prescribed 10% limit. The RBI’s new framework mandates that this reclassification be finalized within five trading days following the transaction that breaches the limit, subject to approvals …

India Indian Fpis Rbi Fpi Fdi Reclassification
Centre examining FDI flow from China in Paytm Payments Services
10 months, 1 week ago

Centre examining FDI flow from China in Paytm Payments Services

Hindustan Times  

The government is examining foreign direct investment from China in Paytm Payments Services Ltd, the payment aggregator subsidiary of One97 Communications Ltd, sources said. An inter-ministerial committee is examining investments from China in PPSL and decision would be taken on the FDI issue after due consideration and comprehensive examination In November 2020, PPSL had applied for licence with the Reserve …

India China Investment Company Rbi Fdi Ppsl
Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources
10 months, 1 week ago

Govt examining foreign direct investment flow from China in Paytm Payments Services: Sources

India TV News  

Business news: The central government is examining foreign direct investment from China in Paytm Payments Services Ltd, the payment aggregator subsidiary of One97 Communications Ltd, sources said on Sunday. However, in November 2022, RBI rejected PPSL's application and asked the company to resubmit it, so as to comply with Press Note 3 under FDI rules. When contacted, a Paytm spokesperson …

India China Payment Company Rbi Paytm Fdi
Balance of payment data gives fewer reasons to cheer
1 year, 5 months ago

Balance of payment data gives fewer reasons to cheer

Live Mint  

The latest balance of payments data was a mixed bag. However, strong domestic economic momentum and higher capital spending may keep underlying import demand intact at a time exports are facing challenges from a global slowdown. With the current account likely to remain in deficit in FY24, a resilient capital account surplus will be crucial to contain the impact of …

India Capital Fpi Account Surplus Inflows Fdi
Note In Circulation Rise 8 Per Cent Annually To Rs 32 Lakh Crore: FM Nirmala Sitharaman
2 years ago

Note In Circulation Rise 8 Per Cent Annually To Rs 32 Lakh Crore: FM Nirmala Sitharaman

ABP News  

Finance Minister Nirmala Sitharaman on Monday said note in circulation has witnessed an annual growth of 7.98 per cent to Rs 31.92 lakh crore as of December 2, 2022. The Consumer Food Price Inflation has declined from 7.01 per cent in October 2022 to 4.67 per cent in November 2022, he said, adding the all-India average retail prices of the …

India Cent Rbi Note Chaudhary Fdi Stock Exchange
Cabinet approves 4-year moratorium for telcos on payment of statutory due; 100% FDI allowed in telecom sector
3 years, 3 months ago

Cabinet approves 4-year moratorium for telcos on payment of statutory due; 100% FDI allowed in telecom sector

India TV News  

In a huge relief for the telecom sector, the Modi government has approved a relief package for the sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route. Briefing reporters on the decisions taken by the Cabinet, Telecom Minister Ashwini Vaishnav said nine …

Telecom Sector Cabinet Approved Moratorium Fdi Telecom Sector
Escrows and Specific Capital Account Regulations – A Brief Study
3 years, 5 months ago

Escrows and Specific Capital Account Regulations – A Brief Study

Live Law  

Every country that seeks Foreign Investment in a global and competitive market has to ensure that, its laws/ regulations are in sync with the ground realities and expectations of the global and domestic business community, while keeping in mind the national interest. Escrow For ODI Transactions : The extant Foreign Exchange Management Regulations, 2004 read with Master Direction – Direct …

India Spa Indian Capital Foreign Investment Payment Odi