Showing posts with label FIIs. Show all posts
Showing posts with label FIIs. Show all posts
oreign Institutional Investors, FIIs have invested nearly 4,800 crore rupees into stock markets in August so far, despite country's slow economic growth and weak monsoon. According to SEBI, during August 1-10,
FIIs were gross buyers of shares worth 17,544 crore rupees, while they sold equities amounting to 12,750 crore rupees. This has translated into net inflows of 4,794 crore rupees. Market experts said foreign investors have sidelined concerns over weak monsoon, slowing economic growth and a high interest rate regime, mainly on hopes that government would initiate fresh reforms initiatives.
FIIs were gross buyers of shares worth 17,544 crore rupees, while they sold equities amounting to 12,750 crore rupees. This has translated into net inflows of 4,794 crore rupees. Market experts said foreign investors have sidelined concerns over weak monsoon, slowing economic growth and a high interest rate regime, mainly on hopes that government would initiate fresh reforms initiatives.
Labels: FIIs
The government today announced new Foreign Direct Investment, FDI norms for Foreign Institutional Investors, FIIs. Under the new norms, FIIs can now invest up to 23 per cent in commodity exchanges without seeking prior approval of the government. However, FDI will continue to require the approval of the Foreign Investment Promotion Board. The Department of Industrial Policy and Promotion's, consolidated FDI policy and the new norms came in force from today. At present both type of foreign investments, 23 per cent through FII route and 26 per cent through FDI route in commodity exchanges require government approval.
This change aligns the policy for foreign investment in commodity exchanges, with that of other infrastructure companies in the securities markets, such as stock exchanges, depositories and clearing corporations.
DIPP has also decided that the consolidated FDI circular will be announced every year instead of six-monthly basis. The revised policy would be announced on 29th March next year.
This change aligns the policy for foreign investment in commodity exchanges, with that of other infrastructure companies in the securities markets, such as stock exchanges, depositories and clearing corporations.
DIPP has also decided that the consolidated FDI circular will be announced every year instead of six-monthly basis. The revised policy would be announced on 29th March next year.
Finance Minister Pranab Mukherjee today said that persons investing in stock markets through participatory notes, P-Notes, will not have to pay taxes in India.
The assurance pushed up the stock market today. He told reporters in New Delhi that the Minister said, the income tax department would examine the tax liability of the FIIs.
Participatory Notes (P-Notes) are instruments that allow foreign institutional investors (FIIs), which are not registered with market regulator SEBI, to invest in the Indian equity market.
The assurance pushed up the stock market today. He told reporters in New Delhi that the Minister said, the income tax department would examine the tax liability of the FIIs.
Participatory Notes (P-Notes) are instruments that allow foreign institutional investors (FIIs), which are not registered with market regulator SEBI, to invest in the Indian equity market.
Labels: FIIs
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