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English Release 17-May 2013
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- Prime Minister's Office
- PM’s address at 45th session of the Indian Labour Conference
- Min of Agriculture
- Rice Sown in 2.4 Lakh Hectare so Far
- Min of Commerce & Industry
- Another Round of India –EU BTIA Negotiation Concluded
- Joint Statement By Anand Sharma, Minister of Commerce and Industry, India and Toshimitsu Motegi Minister of Economy, Trade and Industry, Japan
- Anand Sharma Meets Japan Prime Minister Shinzo Abe
- Min of Consumer Affairs, Food & Public Distribution
- More Than 243 Lakh Tonne Wheat Procured
- Min of Drinking Water & Sanitation
- National Rural Drinking Water Programme (NRDWP)
- Nirmal Bharat Abhiyan (NBA) in the XIIth Five Year Plan
- Min of Environment and Forests
- Disposal of Hazardous Waste
- Min of Labour & Employment
- 45th Session of the Indian Labour Conference Begins
- Min of Minority Affairs
- Government to Maximize Outreach of Concessional Loans to Minorities
NMDFC Reviews State Channelising Agencies Tomorrow
- Min of Petroleum & Natural Gas
- International crude oil price of Indian Basket increases sharply to 101.46/US$ bbl on 16.5.2013
- Min of Power
- Recasting of Loans of DISCOMS
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Ministry of Finance06-December, 2012 18:55 IST
Government takes Several Initiatives to attract Foreign Investment
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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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