RBI eases share transfer rules under FDI

RBI eases share transfer rules under FDI

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.

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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