The finance ministry has blocked a proposal from the department of industrial policy and promotion (DIPP) to allow foreign institutional investors (FII) to invest over and above the sectoral caps on foreign investment. FII stake should not be taken into consideration while calculating FDI in sectors, for example telecom, which have a foreign investment cap, […]
Tag: Foreign Institutional Investors
Government will scrutinize investments from tax-haven island nations
July 8, 2008 – 7:04 am
The government is planning to scrutinise investments flowing in from tax havens such as Andora, Aruba, Bahamas, Costa Rica and Dominica where investor details remain confidential due to banking policies. According to sources in the department of industrial policy and promotion (Dipp), the government is concerned about Indian residents parking money in the island nations […]
