Tally for Practicing CAs Gold Edition (Multi User) Tally for CAs in Industry Silver Edition (Single User) Tally Renewal (Auditor Edition) Need Tally for Clients? (Tie-up with us!!!)
News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Latest Circulars »
 Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra Appointment of a new Administrator
 RBI Working Paper No. 09/2020: Measuring Financial Stress in India
 SBI lays down norms and provisions for corporate loan restructuring under RBI framework
 RBI Auction of State Government Securities - Revised
 RBI-Automation of Income Recognition, Asset Classification and Provisioning processes in banks
 Notification No. 74/2020 Central Board of Direct Taxes
 RBI releases Handbook of Statistics on the Indian Economy 2019-20
 Master Circular Deendayal Antyodaya Yojana National Rural Livelihoods Mission (DAY-NRLM)
 RBI Announces Special Open Market Operations (OMO) Simultaneous Purchase and Sale of Government of India Securities
 RBI Automation of Income Recognition, Asset Classification and Provisioning processes in banks
 Resolution Framework for COVID 19 related Stress Financial Parameters

RBI reopens allotment of investment limit under the revised Voluntary Retention Route (VRR) for Investments by Foreign Portfolio Investors (FPIs)
January, 30th 2020

The Reserve Bank of India introduced the Voluntary Retention Route (VRR) for Investments by Foreign Portfolio Investors (FPIs) on March 01, 2019. An amount of 75, 000 crores was offered for investment in two tranches so far. As on December 31, 2019, around 54,300 crores has already been invested under the scheme. Based on the feedback received, and in consultation with the Government, the Bank has made certain amendments in the scheme to increase its operational flexibility. The amendments have been notified today, vide A.P. (DIR Series) Circular No. 19 dated January 23, 2020.

The revised VRR scheme shall be open for allotment from January 24, 2020 as per the following details:-

  1. The investment limit under VRR has been increased to  1,50,000 crores.

  2. The investment limit available for fresh allotment shall accordingly be  90,630 crores (net of extant allotments and adjustments); and shall be allotted under the VRR–Combined category.

  3. The minimum retention period shall be three years.

  4. Investment limits shall be available ‘on tap’ and allotted on ‘first come, first served’ basis.

  5. The ‘tap’ shall be kept open till the limit is fully allotted.

  6. FPIs may apply for investment limits online to Clearing Corporation of India Ltd. (CCIL) through their respective custodians.

  7. CCIL will separately notify the operational details of application process and allotment.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2019-2020/1778

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting