RBI increases bond investment limit for foreign portfolio investors

RBI increases bond investment limit for foreign portfolio investors Net increase in government bonds will be Rs 592 billion in two years The Reserve Bank of India (RBI) on Friday increased the bond investment limit for foreign portfolio investors (FPI) by a percentage point in two phases — a move that will allow foreigners about […]

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Industry and tax experts seek one tax on capital gains in listed funds

Industry and tax experts seek one tax on capital gains in listed funds Consultants PwC India recommended levying either securities transaction tax (STT) or capital gains tax on listed securities, instead of levying both Industry and tax experts have pitched for a single levy on capital gains of listed securities, besides a reduction in the […]

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Sebi to take action against 14,720 entities for ‘non-genuine trades’

Sebi to take action against 14,720 entities for ‘non-genuine trades’ Sebi begins adjudication proceedings against 567 entities involved in ‘non-genuine trades’ through illiquid stock options segment in the first phaseThe Securities and Exchange Board of India (Sebi) has decided to take appropriate regulatory action against more than 14,700 entities in a phased manner for executing […]

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Don’t deal with entities related to Bitcoins, RBI tells banks and NBFCs

Don’t deal with entities related to Bitcoins, RBI tells banks and NBFCs The RBI has repeatedly cautioned users, holders and traders of virtual currencies, including bitcoins The Reserve Bank of India (RBI) on Friday asked banks, non-banking financial companies (NBFCs) and payment service providers to disassociate themselves from entities dealing with virtual currencies, including bitcoins, […]

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