https://www.taxtmi.com/news?id=21607 The Budget proposes permitting full foreign investment in insurance intermediaries and easing local sourcing norms for Single Brand Retail, contemplates opening FDI further in aviation and media, allows FPIs to subscribe to listed debt of ReITs and InvITs, and raises the statutory FPI investment ceiling in a company from 24% to the sectoral foreign investment limit with corporates able to opt for a lower cap; it also proposes streamlined KYC for FPIs and merger of the NRI Portfolio Investment Scheme with the FPI route to facilitate NRI access to equities. en-us Fri, 05 Jul 2019 14:46:57 +0530 Fri, 05 Jul 2019 14:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21607 The Budget proposes permitting full foreign investment in insurance intermediaries and easing local sourcing norms for Single Brand Retail, contemplates opening FDI further in aviation and media, allows FPIs to subscribe to listed debt of ReITs and InvITs, and raises the statutory FPI investment ceiling in a company from 24% to the sectoral foreign investment limit with corporates able to opt for a lower cap; it also proposes streamlined KYC for FPIs and merger of the NRI Portfolio Investment Scheme with the FPI route to facilitate NRI access to equities. News - Fri, 05 Jul 2019 14:46:57 +0530 https://www.taxtmi.com/news?id=21607