Category: Foreign Investment

Export of all the shipments approved by IMC shall be allowed subject to issuance of Quality Certificate by Export Inspection Council (EIC) or its EIAs at Delhi, Mumbai, Chennai and Kolkata.

The Lessor shall maintain its books of accounts, records, and documents as required under applicable law. The books of accounts and other financial information shall be maintained in any such freely convertible currency.

An entity licensed/registered post issuance of this framework shall get a time period of 12 months, from the date of commencing its operations, to put in place a Board approved policy. The lending target shall …

Read More "IFSCA notifies guidance framework on Sustainable and Sustainability linked lending by financial institutions."

The disbursement shall be done on ‘reimbursement’ basis after submission of necessary documents,invoices, technical reports, etc. The Authority shall normally release the disbursement within 30 working days of submission of all the documents.

The committee examined emerging trends in the Longevity Economy globally and observed that people over 60 years old are still very much a highly productive demographic group in terms of purchasing power and make up …

Read More "Expert Committee on Longevity Finance recommends setting up of Longevity Hub at GIFT-IFSC."

Through this amendment the definition for the term Share Based Employee Benefits, subsidiary and Indian company has been notified.

Validity of entities registered under Foreign Contribution (Regulation) Act whose 5-year validity period is expiring between April 1-June 30 and the NGOs that have applied for renewal before the expiry of the registration will also …

Read More "Ministry of Home Affairs extends validity of entities registered under Foreign Contribution (Regulation) Act"

The guidance intends to provide a broad framework for adoption of principles aligned with the existing international standards viz. Green/Social Loan Principles developed by Loan Market Association (LMA), Bond Principles developed by International Capital Markets …

Read More "IFSCA invites public comments on draft ‘IFSCA Guidance framework on Sustainable and Sustainability linked lending by financial institutions in IFSCs."

Banks in India are allowed to undertake transactions in the offshore Foreign Currency Settled Overnight Indexed Swap (FCS-OIS) market with non-residents and other market makers. Banks may participate through their branches in India, their foreign …

Read More "RBI Statement on Developmental and Regulatory Policies"

Central Government has provided for continuation of the Scheme for Investment Promotion (SIP), a Central Sector scheme, for the duration of five years (i.e., FY 2021- 22 to 2025-26) with a financial outlay of INR …

Read More "Scheme for Investment Promotion, 2025-26"