Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: form 3cd :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: empanelment :: ACCOUNTING STANDARDS :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: due date for vat payment
 
 
News Headlines »
 Infosys to configure GST network for filing returns
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961
 Income tax returns filing: No tax on gift received from relatives in form of cash

FM eases FII investment norms in long-term infra corp bonds
September, 13th 2011

Finance Minister Pranab Mukherjee, while presenting the budget this year had enhanced the limit for foreign institutional investors (FIIs) investment in long term corporate bonds focused on the infrastructure sector from USD 5 billion to USD 20 billion.

But a review of the scheme recently showed that investments under the scheme were only USD 109 million.

Finance ministry has now relaxed the norms for this scheme. The revised scheme is likely to be operational from October 15, reports Rituprana Bhuyan of CNBC-TV18.

The original scheme involved a ceiling of USD 25 billion. Investments under the scheme were allowed in bonds having a minimal residual maturity of five years and a lock in period of three years, which didnt work out.

Hence, the finance ministry created a USD 3 billion window August 9 from the overall USD 25 billion limit. Qualified foreign investors (QFIs) were permitted to subscribe to debt schemes pertaining to infrastructure sector.

Now, the finance ministry as a relaxation norm, has proposed to carve out a USD 5 billion window and the initial maturity remains to be five or more years at the time of issue. But the lock in period has been proposed at one year and the residual maturity has been kept at one year from the date of purchase by an FII.

This move is expected to attract foreign investors that look at one year time frame for investment into debt. As far as remaining USD 70 million is concerned conditions remain the same as announced by Finance Minister Pranab Mukherjee in the budget. The scheme is expected to be notified by Securities and Exchange Board of India (SEBI) on October 15.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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