Investment

Rashtriya Swasthya Bima Yojna (RSBY ) will be implemented with effect from 1st April 2015

by

Labour and Employment Ministry Transfers RSBY Scheme The Rashtriya Swasthya Bima Yojna (RSBY ) of the Labour and Employment Ministry will now be implemented by the Ministry of Health and Family Welfare. In pursuance of a recent policy decision of the Government, the Labour and Employment Ministry is handing over the RSBY scheme to the … Read more

Ministry of Finance launched new upgraded and secure user friendly web site for filing and processing of applications for Foreign Direct Investment

by

Department of Economic Affairs, Ministry of Finance launched here today a new upgraded and secure user friendly web site for filing and processing of applications for Foreign Direct Investment (FD) requiring Government approval. Presently the applications are filed online at www.fipbindia.com which had limited features and processing capabilities. The new website http://fipb.gov.in, which becomes operational from today, shall … Read more

FPIs permitted to invest in Government securities and such investments shall be kept outside the applicable limit of USD 30 billion – SEBI

by

CIRCULAR  CIR/IMD/FIIC/2/2015  February 05, 2015  All Foreign Portfolio Investors   The Depositories (NSDL and CDSL)       2.      Accordingly, FPIs shall be permitted to invest in Government securities, the coupons received on their investments in Government securities. Such investments shall be kept outside the applicable limit (currently USD 30 billion) for investments by FPIs … Read more

Various Deposit Schemes available for Non-Resident Indians (NRI) and their features

by

Features of various Deposit Schemes available for Non-Resident Indians (NRIs)1 Particulars Foreign Currency (Non-Resident) Account (Banks) Scheme [FCNR (B) Account] Non-Resident (External) Rupee Account Scheme[NRE Account] Non-Resident Ordinary Rupee Account Scheme [NRO Account] (1) (2) (3) (4) Who can open an account NRIs (individuals / entities of Bangladesh / Pakistan nationality / ownership require prior … Read more

Foreign Portfolio Investors (FPIs) shall not be permitted to invest in liquid and money market mutual fund schemes – SEBI

by

CIRCULAR  CIR/IMD/FIIC/1/2015 All Foreign Portfolio Investors through their designated Custodians of Securities The Depositories (NSDL and CDSL)             This circular shall come into effect immediately. This circular is issued in exercise of powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992. A copy … Read more

There is huge curiosity and interest in India especially among domestic and foreign investors – Finance Minister

by

The Union Finance Minister Shri Aruj Jaitley said that there is huge curiosity and interest in India especially among domestic and foreign investors. The Finance Minister said that we can’t afford to miss this opportunity. The Finance Minister Shri Jaitley said that ordinarily everything is going in our favour including growth prospects. The Finance Minister … Read more

List of approved Life Insurance Companies in India

by

There are twenty four Life insurance companies approved by Insurance Regulatory and Development Authority of India (IRDA).  The list of all companies updated up to 4th December 2014 is as below:   Sr. No. Name Of The Company Address Contact Details Web Address 1 Bajaj Allianz Life Insurance Company Limited. GE Plaza, Airport Road , Yerawada Pune 411 … Read more