Distinction Between Different types of Foreign Investments Done Away

Sarkaritel
By Sarkaritel February 28, 2015 11:15

Distinction Between Different types of Foreign Investments Done Away


Procedure  simplified for Indian Companies to Attract Foreign Investment

 By TN Ashok  Economics Editor

 New Delhi, Feb 28:

Finance Minister  Arun Jaitley has proposed to do away with the distinction between different types of foreign investments, especially between foreign portfolio investments and foreign direct investments, and replace them with composite caps.

Presenting the General Budget 2015-16 in the Lok Sabha here today, Jaitley stated that this was being done to further simplify the procedures for Indian companies to attract foreign investments. The sectors which are already on a 100 percent automatic route would not be affected.

The Finance Minister also proposed to allow foreign investments in Alternate Investment Funds keeping in view the need to increase investments from all sources.

Sarkaritel
By Sarkaritel February 28, 2015 11:15