Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15%

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..... Cabinet increases the limit for foreign investment in Stock Exchanges from 5% to 15% - News and Press Release Dated:- 28-7-2016 - News - Press Information Bureau Government of India Minis .....

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..... try of Finance 27-July-2016 20:44 IST The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for raising foreign shareholding limit from 5% to 15% in Indian .....

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..... Stock Exchanges for a stock exchange, a depository, a banking company, an insurance company, a commodity derivative exchange. The Cabinet has also approved the proposal to allow foreign portfolio inv .....

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..... estors to acquire shares through initial allotment, besides secondary market, in the stock exchanges. The move will help in enhancing global competitiveness of Indian stock exchanges by acceleratin .....

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..... g/facilitating the adoption of latest technology and global best practices which will lead to overall growth and development of the Indian Capital Market. The approval is in pursuance of implementa .....

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..... tion of the Budget Announcement made by the Finance Minister Shri Arun Jaitley while presenting the Union Budget 2016-17 regarding reforms in FDI Policy with respect to enhancement of investment limit .....

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..... for foreign entities in Indian stock exchanges from 5% to 15% on par with domestic institutions. ***** AKT/VBA/SH - News - Press release - PIB Tax Management India - taxmanagementindia - .....

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..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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