Tag: FEMA

Super Budget 2015-16: Fiscal Deficit is 3.9% and Revenue Deficit 2.8% of GDP

Newsroom24x7 Desk Finance Minister Arun Jaitley today refused to take the short-cut to populism through subsidy and freebies and instead chose to present in Parliament a pragmatic Budget for 2015-16 by avoiding sudden surprises and plugging loopholes leading to instability in tax policy. New Delhi: Finance Minister Arun Jaitley today refused to take the short-cut to populism through

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FIIs/RFPIs can now invest up to 49 per cent in Bharti Infratel Limited

Newsroom24x7 Desk Mumbai: The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of Bharti Infratel Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at

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