Foreign Archives - Page 2 of 2

Yoga tour for foreign professionals under shadow of Nipah in Kerala

May 31, 2018 Loknath Dasfor, Foreign, In, Kerala, Nipah, of, professionals, shadow, tour, Under, Yoga

Fourteen deaths due to the Nipah virus (NiV) in Kerala seem to have dampened a nine-day Yoga Ambassadors Tour in the state for 140 professional practitioners from across the globe. Only 60 of the 140 participants have confirmed participation for the tour beginning June 13, that was designed by the union ministry of Ayush and Kerala government as part of the countdown to the International Yoga Day on June 21. American and German nationals have written to the organisers raising concerns about visiting the state which is grappling with a deadly…

New system for monitoring foreign investment limits in listed firms

May 3, 2018 Loknath DasFirms, for, Foreign, In, investment, Limits, Listed, Monitoring, New, System

RBI to disallow investment if there is non-compliance. The Reserve Bank, in consultation with Securities and Exchange Board of India (SEBI), has decided to put in place a new system for monitoring foreign investment limits. Necessary infrastructure and systems to kick-start the monitoring mechanism, according to RBI, will be made available by the depositories. All listed Indian companies are required to provide the specified data/information on foreign investment to the depositories. The requisite information should be furnished on or before May 15, the RBI said. The listed Indian companies in…

The Four Pillars of Foreign Investment

March 31, 2018 Loknath DasForeign, four, investment, of, Pillars, The

In Switzerland, there are very few cantons-—Swiss member states—in which foreign investors can purchase property, according to an investment expert. ALEKSANDARGEORGIEV / GETTY IMAGES There are abundant rewards to investing in real estate overseas: The opportunity to immerse yourself in a foreign culture, diversify your investment portfolio, and perhaps see substantial returns over time, to name a few. But as complex as purchasing domestically can be, investors should anticipate that buying a home in a foreign market will be even more complicated, given that there are unfamiliar property ownership laws,…

Govt approves phasing out of 25-year-old Foreign Investment Promotion Board

May 25, 2017 Loknath Das25-year-old, Approves, Board, Foreign, govt, investment, of, Out, phasing, promotion

FDI applications needing govt approval to be handled by the concerned Ministries/Depts The Union Cabinet on Wednesday approved phasing out of the 25-year-old Foreign Investment Promotion Board (FIPB). The FIPB is the inter-ministerial body — or a single window clearance mechanism for applications on foreign direct investment (FDI) in India in sectors under the government approval route. The move to phase out the FIPB is aimed at making India a more attractive FDI destination and increasing FDI inflows by providing greater ease of doing business and promoting the ‘Maximum Governance and Minimum…