TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Allows IFIs and NRIs Unlimited Government Securities Purchase; MDBs Like IFC and ADB Included.</h1> International Financial Institutions (IFIs) and Non-Resident Indians (NRIs) are permitted to purchase government securities on a repatriation basis without limit, as per Reserve Bank of India's directives. The circular further liberalizes investment by allowing Multilateral Development Banks, such as the International Finance Corporation and Asian Development Bank, to buy government dated securities. Payments for these purchases can be made through inward remittance or from approved fund accounts. Proceeds from the sale of these securities can be remitted abroad or credited to the fund account. Amendments to relevant regulations have been made to facilitate these transactions.
TaxTMI 
TaxTMI 
