CBDT asks officials not to pursue pending MAT cases

Last Updated: Thursday, September 3, 2015, 12:43

Days after the government decided to exempt foreign funds from tax on profits earned before April 1, the CBDT on Thursday issued a circular asking its fields officers to keep in abeyance pending assessments and not to recover any outstanding demand.

SEBI seeks to step up scrutiny of offshore wealth managers: Sources

Last Updated: Thursday, August 6, 2015, 21:47

Attracted by a growing number of Indian millionaires, foreign banks including Barclays Plc, BNP Paribas SA and Standard Chartered Plc are offering onshore wealth management services in India under the regulatory supervision of local watchdogs.

FII inflows into equities turn positive in July after 3 months

Last Updated: Wednesday, August 5, 2015, 21:32

After three months of continuous outflows, overseas investments into the Indian equities turned positive at USD 882 million during July, says a report.

RBI lifts restrictions on FIIs to buy shares in BoB

Last Updated: Thursday, July 23, 2015, 21:49

The Reserve Bank has removed restrictions placed on foreign investors to buy shares in public sector lender Bank of Baroda, as the said limit has gone below threshold.

Govt bonds over-subscribed; FIIs put in bids worth Rs 751-cr

Last Updated: Monday, July 20, 2015, 21:06

Government bonds Monday attracted bids of Rs 751 crore from foreign investors against Rs 403 crore worth of securities put on offer.

Don't want fly by night operators in bank, defence: Nirmala Sitharaman

Last Updated: Monday, July 20, 2015, 15:26

The government on Tuesday said FII investment limit in the banking and defence sector has been retained at the existing level to prevent 'fly by night operators' from disrupting the sensitive segments.

Foreign investments get composite caps; retailers to benefit

Last Updated: Thursday, July 16, 2015, 16:57

The limit of portfolio investment in banking is capped at 49 percent while in defence it is 24 percent.

Cabinet gives nod to foreign investment composite cap

Last Updated: Thursday, July 16, 2015, 15:11

In a bid to streamline the FDI structure, the government today introduced a composite foreign investment cap by clubbing all forms of overseas investments to define sectoral limits.

India simplifies foreign investment rules, banks to benefit

Last Updated: Thursday, July 16, 2015, 14:37

India has simplified rules for foreign investment in companies by clubbing together different categories, Finance Minister Arun Jaitley.

FII limit in G-secs to be revised twice annually: Rajan

Last Updated: Thursday, July 2, 2015, 18:49

Promising a steady increase in FII investment limit in government bonds, RBI Governor Raghuram Rajan on Thursday said the ceiling will be revised twice a year and efforts are being made to make such investment easier.

Shah panel begins stakeholder deliberation on FII MAT issue

Last Updated: Tuesday, June 30, 2015, 18:14

The high-level Justice A P Shah panel, set up to look into levy of MAT on FIIs, has begun consultations with stakeholders including an industry body which said it should not apply on such investors.

Finance Ministry favours FII investment limit for bonds in rupee terms

Last Updated: Friday, June 26, 2015, 20:22

The Finance Ministry is in favour of fixing FII investment limit for government bonds in rupee terms instead of dollar as it would provide more headroom for investments by foreign investors.