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RBI eases share transfer rules under FDI

RBI eases share transfer rules under FDI
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First Published: Sat, Nov 05 2011. 05 47 PM IST

Updated: Sat, Nov 05 2011. 05 47 PM IST
Mumbai: The Reserve Bank of India (RBI) has eased rules regarding share transfers between Indians and non-resident investors, in a move to liberalize and rationalize policies governing foreign direct investments (FDI) in the country, it said in a statement.
RBI has now allowed transfer of shares between resident and non-resident investors under the foreign direct investment route without its prior permission with certain exceptions, it said.
In 2010-11 (April-March), FDI inflows into India had declined an annual 25% to $19.42 billion, while the inflows during the April-June quarter more than doubled to $13.44 billion compared to year-ago quarter.
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First Published: Sat, Nov 05 2011. 05 47 PM IST