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English Release 21-August 2014
Date Month Year
  • President's Secretariat
  • Rashtrapati Bhavan’s ‘In-Residence Programme’ to feature two artists and two writers in September 2014
  • Prime Minister's Office
  • PM at Nagpur
  • PM at Mouda, Maharashtra
  • PM at Ranchi
  • Cabinet Committee on Economic Affairs (CCEA)
  • Revision of Rates of Royalty and Dead Rent in respect of certain minerals (other than minor minerals, coal, lignite and sand for stowing)
  • Ministry of Finance
  • Exchange Rate of Foreign Currency Relating to Imported and Export Goods Notified
  • Text of the Speech of the Union Finance and Defence Minister
  • Min of Health and Family Welfare
  • No Ebola suspect case admitted today to Quarantine cum Isolation Health Facility at Delhi Airport
  • Government considering national, regional dental hospitals
  • Min of Home Affairs
  • DG, Border Guards Bangladesh calls on Union Home Minister
  • Home Minister to Review Flood Situation in Uttar Pradesh
  • Min of Labour & Employment
  • Central Advisory Committee on Beedi Workers Welfare Fund meets under the Chairmanship of Shri Narendra Singh Tomar
  • Min of Mines
  • Revision of Rates of Royalty and Dead Rent in respect of certain minerals (other than minor minerals, coal, lignite and sand for stowing)
  • Min of Minority Affairs
  • 15- Member Delegation from Ladakh Calls on Dr. Najma A. Heptulla
  • Min of Petroleum & Natural Gas
  • Global crude oil price of Indian Basket increased to US$ 100.32 per bbl on 20.08.2014
  • Min of Power
  • Prime Minister Dedicates to the Nation Mouda Super Thermal Power Project Stage-I (1000 MW)
  • Prime Minister dedicates 765 kV Ranchi-Dharamjaygarh-Sipat transmission line ; Initiates Commencement of work on 3x660 MW North Karanpura Super Thermal Power Project
  • Ministry of Railways
  • Commodity-Wise Freight Revenue Earnings of Railways goes up by 14.72 per cent during the Month of July 2014 & 9.30 per cent during April-July 2014
  • Min of Road Transport & Highways
  • NHAI Board Resolves Some Pending Finacial Disputes/Claims
  • Min of Social Justice & Empowerment
  • Minister for SJE reviews the implementation of Prohibition of Employment as Manual Scavengers and their Rehabilitation Act, 2013
  • Ministry of Tourism
  • India’s Tourism Sector resolves to Co-Create, Collaborate and Co-achieve
  • Full text of the Resolution adopted at the Second National Conference of Tourism Ministers
  • Full text of the speech of the Union Tourism and Culture Minister Shri Shripad Yesso Naik at the inaugural session of the State Tourism Ministers’ Conference
  • Ministry of Water Resources
  • Ministries of Water Resources and Environment & Forests to Work in Close Tandem for Ganga Rejuvenation
  • Min of Youth Affairs & Sports
  • National Sports Awards – 2014

Previous Date

 
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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DSM/RS/ka
(Release ID :90127)

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