Review Of Foreign Direct Investment Policy On Various Sectors
Dated 24th November, 2015 | Copy of | Press Note No.12 (2015 Series) | Government of India Ministry of Commerce & Industry Department of Industrial Policy & Promotion (FC-1 Section) Subject: Review of Foreign Direct Investment (FDI) policy on various sectors The Government of India has reviewed the extant FDI policy on various sectors and made following amendments in the Consolidated FDI Policy Circular of 2015 (FDI Policy), effective from May 12, 2015, and as amended from time to time. 2 After para 2.1.25 of the FDI Policy, following definition of the term 'Manufacture' is added: 2.1.25 bis: "Manufacture", with its grammatical variations, means a change in a non-living physical object or article or thing- (a) resulting in transformation of the object or article or thing into ...
Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) (11th Amendment) Regulations, 2015
Dated November 16th, 2015 | Copy of | Notification No.FEMA.355/2015-RB | In exercise of the powers conferred by clause (b) of sub-section (3) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India hereby makes the following amendments in the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 (Notification No. FEMA 20/2000-RB dated 3rd May, 2000) namely:- 1. Short Title & Commencement:- (i) These Regulations may be called the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) (Eleventh Amendment) Regulations, 2015. (ii) They shall come into force from the date of publication in the Official Gazette. 2. ...
Govt clears 11 FDI proposals worth Rs. 1,568 crore
The Dollar Business Bureau The government on Thursday approved 11 foreign direct investments (FDI) proposals worth Rs.1,567.91 crore. It also recommended two proposals for consideration of Cabinet Committee on Economic Affairs. “Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 11th September 2015, government has approved 11 proposals of Foreign Direct Investment amounting to Rs. 1,567.91 crore,” Ministry of Finance said in a statement. The two proposals of Sistema Shyam TeleServices Ltd. involving investment of Rs. 10,000 crore, and IIFL Holdings Ltd. involving an FDI of Rs. 3201.5 crore, were recommended for cabinet’s consideration. “The total FDI Inflow in the cases recommended for approval is Rs.14,769.41 crore out of which two proposals with a total ...
