TaxTMI 
TaxTMI 
Investments by FPIs in Government securities
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....ar 2015-16, dated September 29, 2015 has announced a Medium Term Framework for FPI limits in Government securities in consultation with the Government of India. 2. It has been decided that the limits for FPI investment in debt securities shall henceforth be announced/fixed in rupee terms. 3. Further, it has been decided to enhance the limit for investment by FPIs in Government Securities as foll....
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....gly, the revised FPI limits would be as follows: Type of Instrument Present Upper Cap (INR cr) Revised Upper Cap with effect from October 12, 2015 (INR cr) Revised Upper Cap with effect from January 01, 2016 (INR cr) Government Debt 124,432 129,900 135,400 Government Debt - Long Term 29,137 36,600 44,100 State Development Loans 0 3,500 7,000 Total 153,569 170,000 186,500 5. W....
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.... made available by the depositories (NSDL and CDSL) on their websites. The security-wise limit shall be effective from October 12, 2015. 7. In partial modification to Para 2 of SEBI circular CIR/IMD/FIIC/19/2014 dated October 09, 2014, all future investments by Long Term FPIs, including the limits vacated when the current investment by a Long Term FPI runs off either through sale or redemption, s....
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....s on their existing investments in Central Government securities as well as SDLs shall continue to be outside the applicable limits. The terms and conditions for investment of coupons specified vide SEBI circular CIR/IND/FIIC/2/2015 dated February 05, 2015 shall, mutatis mutandis, apply to SDLs. 13. The depositories (NSDL and CDSL) shall put in place the necessary systems for the daily reporting ....