Sebi registered Foreign Institutional Investors (FIIs), Qualified Foreign Investors (QFIs), registered Foreign Portfolio Investors (FPIs) and long-term investors are allowed to purchase securities on repatriation basis, and subject to such terms and conditions as may be specified by SEBI and the Reserve Bank from time to time, it said.
As per the earlier FDI policy in the defence sector, foreign investment up to 49 percent was permitted under government approval route.
The board of directors of Bajaj Corp approved raising FII limit in the company to 49 percent from 24 percent.
Currently FIIs enjoy an exemption from withholding tax on short term capital gains. So, the tax that they pay is not as TDS but it is as an advance tax. The same treatment is going to be extended to QFIs which will now not have to pay TDS, but can pay the advance tax.
Market regulator Sebi had made some sweeping changes on Tuesday, one of which is clubbing FIIs, QFIs as Foreign Portfolio Investors (FPI). Jyoti Rai Sr VP & Head - Business Dvpt SBI-SG Global Securities Services says this committee has adopted a very balanced approach.
The Indian custodian industry has been waiting for more than a year now for clarifications from the CBDT on matters relating to taxation of Qualified Foreign Investors (QFI).
The finance ministry is stepping up efforts to attract foreign retail investors into India's equity and corporate bond markets. The government will liberalize the norms for qualified foreign investors or QFIs.
The government is going to hold road shows in the Middle East in a bid to woo qualified foreign investors from there, reports CNBC-TV18's Aakansha Sethi.
Arjuna Mahendran, managing director, head investment strategy Asia, HSBC Private Bank says when offshore investors look at Indian equities, they actually want to own the underlying scrips.
The capital market reforms are encouraging measures to aimed at deepening market, says KPMG.
With equity markets having a roller coaster ride this year, the mutual fund space also had its ups and downs. But, with a series of changes brought in by the regulator as well as the govt, it has been an eventful year for AMCs. CNBC-TV18’s Mitra Joshi brings out the annual report card of the MF sector.
The government's plan to attract qualified foreign investors (QFI) into mutual funds has hit a roadblock. As QFIs need KYC requirements like PAN and tax return filings, these are believed to serve as hurdles to the scheme, reports CNBC-TV18's Neha Arora.
Tata Mutual Fund may go in for strategic tie-ups that will offer opportunity to qualified foreign investors (QFIs) to tap the Indian market.
With an aim to further liberalise the capital market, the Government is contemplating to allow foreign individuals -- Qualified Foreign Investors (QFIs) to buy equities directly in stock markets, a senior Finance Ministry official said.
The finance ministry is stepping up its efforts to widen the class of foreign investors in the Indian stock market. First, the government gave the green signal for qualified foreign investors (QFIs) to invest in mutual funds, and now, individual investors from across the globe may soon get the right to buy blue-chip Indian stocks.