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 :: Central Excise rule to resale the machines to a new company :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: list of goods taxed at 4% :: cpt :: empanelment
 
 
« News Headlines »
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned
 All about income tax return form Sahaj
 Why seeing Form 26AS is a must before filing tax return and how to access it
 No tax on notice period pay cut
 Interpretation Of Central Goods And Services Tax (Cgst) Act (Part-1)
 What to do if you haven’t filed your taxes
 Income Tax Declaration To Employer: 10 Changes You Should Be Aware Of
 What your income tax says about you

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