Tag: foreign portfolio investors
India says no proposal to offer long-term tax relief for domestic equity investors
India’s finance ministry told the parliament on Monday that there is no proposal to scrap long-term capital gains tax on equities for domestic investors, despite…
India’s current account slips into $2 billion deficit in May as trade gap widens
Kolkata: India’s current account slipped into deficit in May from a surplus in April while the capital account deficit narrowed, monthly balance of payments data…
Dovetail Capital: Asset servicing startup Dovetail Capital raises Rs 100 crore in funding from Elev8 Venture Partners
Mumbai-based asset servicing company Dovetail Capital has secured Rs 100 crore in equity funding from Elev8 Venture Partners in its first institutional funding round.As a…
Remittances, services surplus lift India to $4.7 billion current account surplus in April
Kolkata: India reported a $4.7 billion current account surplus in April riding on higher inward remittance flows, Reserve Bank of India (RBI) data showed. This…
RBI’s reform package could pull $40-75b inflows, push rupee to 92-93 and keep August rate on hold
New Delhi: The Reserve Bank of India‘s announcements after the monetary policy committee meeting are some measures aimed at flipping the rupee narrative from depreciation…
Centre eases FPI norms, offers tax relief to attract foreign capital
The central government on Friday announced a series of measures aimed at attracting foreign investments, including easier investment norms for foreign individuals in Indian equities,…
BIT sweeter? India weighs easing treaty rules with safeguards to attract foreign capital
New Delhi: India is reviewing its bilateral investment treaty (BIT) template to make it more attractive, according to officials aware of the matter, as the…
We expect interest rates to be left the way they are: Ficci chief Anant Goenka
New Delhi: The immediate, short-term impact of the West Asia crisis, seen in April when supply chains had broken down and the key focus was…
Govt open to stakeholder views on reducing capital gains tax on stock investments: Finance minister
The government is open to stakeholder views on reducing capital gains tax on investments in stock markets, aiming to make domestic markets more attractive to…
Sebi offers a way over FPI tax rule hurdle
Mumbai: A tussle of legal semantics is playing out between the Securities and Exchange Board of India (Sebi) and the Central Board of Direct Taxes…