Electronic Gold Receipts (EGRs)? These are electronic receipts issued on the basis of a deposit of underlying physical gold. EGRs could be traded on proposed gold exchange in India. Gold Exchange would be a national platform for buying and selling EGRs issued against physical gold. Investors can trade in EGRs on stock exchanges and the proposed gold …
The Ministry of Commerce released the data on the FDI (Foreign Direct Investment Inflow) in India for the Financial Year 2020-21. Key Highlights from the Data: India has received an FDI of $81.97 billion during the financial year 2020-21. This is 10% higher than $74.39 billion received in 2019-20. Singapore Largest Source of FDI: Singapore remained the largest source …
Foreign Direct Investment(FDI): Foreign Direct Investment(FDI) is the medium for acquiring ownership of assets in one country (the home country) by residents of other countries. FDI may result in control of the production, distribution, and other activities in a firm in the host country. FDI is considered a major source of non-debt financial resources for …
The Union Cabinet has approved a proposal to amend the Insurance Act, 1938. It will increase the foreign direct investment (FDI) limit in the insurance sector to 74% from 49%. Conditions: The increase in the foreign direct investment(FDI) limit in the insurance sector comes with safeguards such as: The majority of directors on the Board and …
It is India’s first International Exchange It is in International Financial Service Centre (IFSC) of GIFT (Gujarat International Financial Tech) City Gandhinagar, Gujarat India INX is a wholly-owned subsidiary of the Bombay Stock Exchange (BSE). It will enable Indian firms to compete on equal footing with offshore firms India INX will initially trade in equity …