Tag: Foreign Investment
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Liberalization of Investments by Non-Resident Indians
[Posted by Umakanth Varottil] Non-resident Indians (NRIs) have long been considered as a separate category of investors who have enjoyed some privileges compared to other classes of foreign investors. NRIs have been allowed to investment either on a repatriable basis (with more stringent norms) and on a non-repatriable basis (with less stringent norms). Earlier this…
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Bombay High Court Pronounces on FDI Policy
[Posted by Umakanth Varottil] It is not very often that courts in India have had the occasion to interpret and rule on the Foreign Direct Investment (FDI) Policy of the Government of India. Earlier this month, the Bombay High Court issued its ruling in IDBI Trusteeship Services Ltd. v. Hubtown Ltd., which relates to the…
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Consolidated FDI Policy Circular of 2015
[Posted by Umakanth Varottil] Normal 0 false false false EN-US JA X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”;} The Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry has issued its annual FDI Policy Circular…
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DIPP Operationalizes Insurance FDI Reforms
[Posted by Umakanth Varottil] Normal 0 false false false EN-US JA X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:”Times New Roman”;} The Government had earlier begun the process of enhancing foreign direct investment (FDI) in the insurance sector by increasing the…
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Budget 2015: Foreign Investment
[Posted by Umakanth Varottil] Given the economic orientation of the new government, one would expect that the Budget would make wholesale relaxations to the foreign investment policy and open up or further liberalise various sectors. But, anyone adopting that tack is bound to be disappointed as the Budget makes minimal changes regarding foreign investment. First,…
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Budget 2015: Financial Markets
[Posted by Umakanth Varottil] The Budget makes some proposals to boost the financial markets in India, both in the debt and equity segments, but arguably the reforms are only incremental and many not necessary result in drastic expansion of the markets. Corporate Bonds The first proposal is to give a fillip to the bond markets.…
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Budget 2015: Ease of Doing Business
[Posted by Umakanth Varottil] The Government’s focus on enhancing the ease of doing business in India is abundantly evident from the Budget. This involves not only issues of licensing and approvals, but also matters for legal reform. In this post, I argue that while the proposals in the Budget will certainly help grow industry and…
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Budget 2015: Some Preliminary Thoughts
[Posted by Umakanth Varottil] The Finance Minister today announced India’s Budget 2015-2016. The Budget documents, including his speech are available here. It is significant that this Budget comes during a period of upturn in the economy after a few preceding years of perceived gloom and doom, especially from the perspective of foreign investors. Other features…