Tuhin Kanta Pandey reasoned that India has 'strong' macroeconomic fundamentals and the funds will certainly be there where the growth is
This verdict will also positively impact FPIs based out of jurisdictions such as Singapore which have similarly worded tax treaties with India
According to the Clearing Corporation of India’s (CCIL) data, FPI investment in G-sec under FAR route increased to Rs 3.01 lakh crore in this week, as compared to Rs 2.99 lakh crore last week.
For the year so far, FIIs have been net sellers of equities worth Rs 1.66 lakh crore and DIIs were net buyers worth Rs 4.11 lakh crore.
The Delhi bench of the tribunal held that all kinds of debentures, including CCDs and OCDs, are eligible for concessional tax rate of 5% against the treaty rate of 15%
The spread between India and US bonds stands at 187 bps, which is one of the lowest. Usually, when the spread narrows, foreign investors pull back funds from emerging economies and park it in less risker destinations.
The withdrawal was with a view to providing greater ease of investment to FPIs.
More than half a dozen Mauritius-based FPIs have received notices from the tax department for their tax residency certificates, the newspaper said citing sources
The yield on government securities, especially the 10-year benchmark bond, has been witnessing a reduction since the start of this month. Data indicates that it has eased 15 bps so far in March.
Sebi has doubled the threshold for granular beneficial ownership disclosures from Rs 25,000 crore to Rs 50,000 crore, a move expected to boost P-note issuances and attract offshore capital. While this may enhance liquidity, analysts warn that increased speculative trading could lead to heightened volatility
The recent FPI sell off in the market has resulted in incidence of significant capital gains in India, experts say
Indian bond yields may fall further on anticipation of rate cut in the February monetary policy review, experts say
In an order dated November 18, the Securities and Exchange Board of India (Sebi) said that the entity settled the adjudication proceedings without admitting or denying the findings of facts and conclusions of law.
67 new FPIs came into India in October even though FPIs dumped shares worth Rs 94,017 crore during the month
In August 2023, Sebi mandated additional disclosures for certain FPIs; as the deadline of September 9 nears, FPIs hurry to be in compliance by buying additional securities, according to sources
The funds in question had over Rs 25,000 crore as total assets under management in India and did not disclose details on ultimate beneficial owners by the February 28 deadline. SEBI has proposed easing the rules but is yet to issue a final circular.
Foreign portfolio investors consistently remained buyers of Indian equities throughout the year, except for three months of selling in September 2023, October 2023, and January 2024, said the Sebi Annual Report released on August 9
The turnaround will happen as there is better clarity on government policy post the Union Budget, according to the brokerage's analysts.
The market regulator's Board met on April 30 and approved a regulatory framework to provide more flexibility for increased contribution by NRIs, OCIs and RI Individuals in these FPIs
Further, the aggregate limit of the notional amount of Credit Default Swaps sold by FPIs shall be 5 per cent of the outstanding stock of corporate bonds, RBI said.
Although the agreement between India and Mauritius was signed on March 7, the amendment was made public for the first time on Wednesday
FPIs who has concentrated holdings in one corporate group may be exempted if the apex company of the group has no identifiable promoter and other conditions are met.
The market regulator made the announcement after meeting with its Board on March 15
Currently, FPIs must disclose to their DDP, material changes to information provided earlier, within seven working days
The market regulator made this announcement after meeting with its Board on March 15