Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: VAT RATES :: VAT Audit :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARDS
Finance BillBudget (Interim)Budget-2006
« Finance Bills »
 The Companies (Removal Of Difficulties) Seventh Order - dated 4th Sept 2014 New
 Finance & Commerce Ministry to discuss draft BIPA model tomorrow
 Union Finance Minister Shri Arun Jaitley said that the revenue targets fixed for Direct Taxes for the current Financial Year 2014-15 would not only be achieved but would also be surpassed
 Finance ministry may pitch for higher tax exemption on health insurance
 Finance minister reviews annual performance of public sector banks and financial institutions for 2013-14; calls for tougher action against wilful defaulters; highest ever more than 10,000 new branches opened during 2013-14
 India Infrastructure Finance Company to raise Rs 7,000 crore through tax-free bonds
 Finance Ministry hopes RBI focusses on promoting growth in policy tomorrow
 Wary of chit fund scam, finance ministry to fast-track Prize Chit Banning Act amendments
 Finance Ministry appoints auditors without consulting RBI, step aimed at avoiding conflict of interest
 Parliament heads for gridlock as consent on financial reform bills unlikely
  NBA players take high-stakes fight to court

New Bill may allow 26% FDI, overseas investment by funds
June, 01st 2009

The Pension Fund Regulatory and Development Authority (PFRDA) Bill that will be re-introduced in Parliament proposes to let foreign players hold up to 26 per cent stake in Indian pension fund companies, similar to the quantum allowed in insurance companies. The PFRDA Bill that lapsed following the dissolution of the Fourteenth Lok Sabha on May 18 did not allow foreign direct investment (FDI) in pension funds.

According to Finance Ministry officials, discussions will soon start with the PFRDA to finalise the Bill. We hope to re-introduce the Bill in the Budget session of Parliament that begins in July first week, an official told The Indian Express.

The Ministry will also study recommendations of the earlier Parliamentary Standing Committee on Finance to which the Bill was referred immediately after being introduced in March 2004. The Committee had submitted its report in July 2005.

Officials said that with the Left parties not being a hindrance anymore, the government will also consider permitting pension funds deploy part of their corpus abroad in approved instruments besides allowing FDI. This has to be carefully thought through in the backdrop of the global financial crisis, an official said, adding that too many restrictions in the financial sector would mean drawing wrong lessons from the global crisis.

Originally, the Finance Ministry had stayed away from including FDI-related provisions in the PFRDA Bill that was introduced in March 2004. The idea was to lend the government flexibility in increasing the FDI limit at appropriate junctures without having to approach Parliament for an amendment in the legislation. But the Standing Committee on Finance said any decision on FDI and deployment of funds abroad must be stipulated in the Bill itself.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions