English Release 31-January 2015
- President's Secretariat
- President of India Congratulates DRDO on the Successful Test-Firing of Agni-V
- President’s Message on the Occasion of 38th Anniversary of Indian Coast Guard
- Prime Minister's Office
- PM reviews PaHaL Scheme for Direct Benefit Transfer for LPG Subsidy
- PM salutes our scientists, on the successful test-firing of Agni V missile
- PM gives best wishes to all athletes participating in the 35th National Games
- Min of Comm. & Information Technology
- Commemorative Postage Stamp on Swachh Bharat Released
- Min of Culture
Dr Mahesh Sharma lays foundation stone of campus buildings of National Museum Institute and Indian Culinary Institute
- Min of Information & Broadcasting
- Siri Fort Auditorium amongst the top 50 auditoriums for cinema viewing in India- Col Rajyavardhan Rathore
- Min of Personnel, Public Grievances & Pensions
- ACC Appointments
- Ministry of Tourism
- Dr Mahesh Sharma lays foundation stone of campus buildings of National Museum Institute and Indian Culinary Institute
- Min of Tribal Affairs
- Tribal Afairs Ministers Felicitates Tribal Guests and the Tableaux Artistes & Supporting Staff, who had Participated in this Year’s Republic Day Parade
- Min of Urban Development
- Speech made by the Hon’ble Union Minister for Urban Development at the Inauguration of 35th National Games in Kerala on 31st January, 2015
- States show the way forward on building smart cities
Ministry of Finance06-December, 2012 18:55 IST
|Government takes Several Initiatives to attract Foreign Investment |
|Government has been making concerted efforts to attract greater foreign investment into India. Some of the important steps taken in this direction are as under: |
i) The Qualified Foreign Investor (QFI) scheme was introduced in the Budget 2011-12 by allowing foreign investors to invest in Mutual Funds, subject to certain conditions. On 1st January, 2012, the Government expanded this scheme to allow QFIs to directly invest in Indian Equity Market. As announced in Budget 2012-13, QFI can now also invest in corporate bonds.
ii) The limits for FII investment in various categories of debt securities have progressively been enhanced. Further, the debt limit allocation mechanism for FIIs have been rationalised by allowing reinvestment facility to FIIs; Reduction in utilization period of debt limits and adoption of First Come First Serve (FCFS) method of allocating limits in case of the long term infra bonds.
iii) The terms and conditions for the FII investment scheme in infrastructure dept and non-resident investment scheme in Infrastructure debt funds (IDFs) have been rationalised in terms of reduction in lock-in period and residual maturity criterion.
iv) The policy pertaining to the Foreign Direct Investment is being periodically reviewed and the latest liberalisations measures taken are in the sectors of multi-brand retail trading, single brand retail trading, permitting investments in the civil aviation sector, enhancing limits in the Broadcasting sector, permitting FDI in power exchanges. These measures have been notified vide Press Notes No. 4 to 8 2012, issued by Department of Industrial Policy and Promotion, Ministry of Commerce & Industry.
The aforesaid reform measures taken by the Government were conveyed to the representatives of FIIs in recent meetings/discussions. These steps have been welcomed by FIIs.
This was stated by the Minister of State for Finance Shri Namo Narain Meena in a written reply to a question in the Rajya Sabha today.
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(Release ID :90127)