Whether FDI can be brought if the minimum capitalization was not completed within the period of six months of the commencement of the project? No new FDI can be brought in the project if the minimum capitalization of US $ 5 million has not been achieved within six months of commencement of the project. If such minimum capitalization was achieved, FDI can be brought in till the period of 10 years or the completion of the project, whichever is earlier.
Review of Foreign Direct Investment (FDI) policy on Insurance Sector‑ amendment to ‘Consolidated FDI Policy Circular of 2014’. 1.0 Present Position: 1.1 Paragraph 6.2.17.7 of ‘Consolidated FDI Policy Circular 2014’, effective from April 17, 2014, relating to insurance sector, presently reads as below:
With a view to facilitate the entry of these new investors and encourage them to participate in the cash market including the disinvestment of PSUs through OFS process, SEBI, vide circular dated March 04, 2015, has prescribed that individual investors can open a trading as well as demat account by filling up a simplified one page Account Opening Form termed as ‘SARAL AOF’. There will not be any requirement of separate form for opening demat account.
While maintaining the interest rate stance in its sixth bi-monthly monetary policy statement of February 3 in the absence of new developments on inflation or on the fiscal outlook till then, the Reserve Bank indicated that it will keenly monitor the revision in the consumer price index (CPI) with regard to the path of inflation in 2015-16 as well as the Union Budget for 2015-16.
Agriculture: Target of 18 per cent of ANBC retained. A sub-target of 8 per cent of ANBC has been recommended for small and marginal farmers to be achieved in a phased manner. More flexibility has been recommended for banks to lend the remaining 10 per cent of the overall agriculture loan target to other farmers, agricultural infrastructure and ancillary activities as defined by the Group. To give a fillip to agri-infrastructure and agri-processing, no caps on loan limits have been stipulated.
Shri Rajeev Kumar Agarwal, Whole Time Member, SEBI, has passed an Order on February 09, 2015 providing the exit to Bhubaneswar Stock Exchange Limited (BhSE). BhSE is the tenth Stock Exchange to exit under this policy.
While discussing the minutes of the 157th Meeting of the Board held on November 19, 2014, it was decided to add a provision that if the acquirer and the Merchant Banker are able to demonstrate that they have contacted all the public shareholders, about the offer in the manner prescribed, then the condition of mandatory participation of 25% of the public shareholders holding shares in demat mode would not be applicable.
It has been decided to: 1. reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 8.0 per cent to 7.75 per cent with immediate effect; 2. keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.0 per cent of net demand and time liabilities (NDTL);
A registered institution/ organisation/ association, having a viable project /proposal on Depositors’ Education and Awareness, may be eligible for assistance from the Fund. However, mere registration should not make any registered institution/ organization/ association automatically eligible for claiming financial assistance from the Fund.
Further, the Income Tax Authorities, Ministry of Corporate Affairs and the State Government of Punjab are being intimated about the exit of LSE, for appropriate action at their end.
