https://www.taxtmi.com/circulars?id=56159 Masala bonds are reclassified from the FPI corporate bond limit to the ECB framework and will be monitored accordingly. The amount freed by this shift will be restored to the FPI corporate bond ceiling through phased quarterly allocations, and a portion of each quarterly allocation is reserved exclusively for long term FPIs to invest in infrastructure as defined under the Master Direction on ECBs. All other FPI debt investment conditions remain unchanged. en-us Fri, 22 Sep 2017 00:00:00 +0530 Fri, 22 Sep 2017 18:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56159 Masala bonds are reclassified from the FPI corporate bond limit to the ECB framework and will be monitored accordingly. The amount freed by this shift will be restored to the FPI corporate bond ceiling through phased quarterly allocations, and a portion of each quarterly allocation is reserved exclusively for long term FPIs to invest in infrastructure as defined under the Master Direction on ECBs. All other FPI debt investment conditions remain unchanged. Circulars FEMA Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56159