WebSep 21, 2024 · The Ministry of Finance (Department of Economic Affairs) and the Reserve Bank of India (“ RBI ”) respectively released the Foreign Exchange Management (Overseas … WebOct 3, 2024 · Rule 2 (1) (q) of ODI Rules. The term ODI has been defined to now expressly include inter alia investment in 10% or more of the paid up equity capital of a listed …
The Reserve Bank’s restrictions on roundtripping - Lexology
WebAug 25, 2024 · The Government of India (GOI), in consultation with the Reserve Bank of India (‘RBI’), has issued the Overseas Investments Rules and Regulations (‘OI Guidelines’) dated … WebSep 27, 2024 · The RBI through the FAQ’s in 2024 clarified its position on round tripping. It strictly prohibited such investments under the automatic route, but allowed them under … chinese dog slaughter
Govt. of India notifies
Web21 hours ago · The RBI has granted approvals to domestic and foreign banks in 60 cases for opening special rupee bistro accounts to facilitate overseas trade, and banks including HDFC and UCO have already opened such accounts. The move promotes cross-border trade in the Indian currency and enables settlement of payments in rupees for trade between … WebMay 20, 2024 · Mumbai: The rules for investing overseas could become easier for Indian entrepreneurs and angel investors as the Reserve Bank of India will be kickstarting a … WebApr 11, 2024 · Reserve Bank of India has notified a framework for raising green deposits by banks, small finance banks and deposit taking non banking finance companies (NBFCs).The money raised from green deposits should be used for renewable energy projects, clean transportation, sustainable water and waste management, pollution prevention and … chinese dog food los angeles