India - Foreign Exchange Snapshots.

Legal News & Analysis – Asia Pacific - India - FDI - Capital Markets

12 May 2021
 

 

  • Increase in Foreign Investment Limits for Indian Insurance Companies from 49% to 74%


    On February 1, 2021, the Finance Minister of India presented the Union Budget for the Financial Year 2021-22 (‘Budget’), as part of which an increase in the foreign investment limit for Indian insurance companies was proposed, from 49% to 74%...
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  • RBI Extends LRS Guidelines to Include Investments by Resident Individuals in IFSCs


    The Reserve Bank of India (‘RBI’) has, by its Circular dated February 16, 2021, permitted resident individuals to make remittances under the liberalised remittance scheme (‘LRS’) to International Financial Services Centres (‘IFSCs’) set up under the Special Economic Zone...
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  • RBI Relaxes Norms for Investment by FPIs in Defaulted Bonds


    As per the RBI Circular on Investment by Foreign Portfolio Investors in Debt – Review (‘FPI Directions’), investments by Foreign Portfolio Investors (‘FPIs’) in corporate bonds, under the general investment route...
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For further information, please contact:

 

Zia Mody, Partner, AZB & Partners

[email protected]