Mayaram Committee

In order to encourage more overseas investments into India, the government has set up a committee to look into the possibility of treating non-repatriable NRI funds as domestic investment.

The government set up a four-member committee headed by Economic Affairs Secretary Arvind Mayaram to define foreign direct investment (FDI) and foreign institutional investment (FIIs) and remove the ambiguity between them.

Economic Affairs Secretary Arvind Mayaram on Saturday discussed the continuing rupee fall and the resultant macro-economic impact with the treasury heads of leading foreign banks.

A government committee has turned down an RBI proposal to limit FII investments in the secondary market, considering the significant role foreign investments can play in propping up the economy.

Foreign investment in India would get a boost once the new Cabinet Committee on Investment (CCI) starts clearing projects to the tune of Rs 50,000 crore in the next fiscal year, says a top finance ministry official.

The government is confident of meeting the fiscal deficit target of 5.3 per cent in the current fiscal and the steps to boost investments have already started showing green shoots of revival, a top Finance Ministry official said today.

In order to encourage more overseas investments into India, the government has set up a committee to look into the possibility of treating non-repatriable NRI funds as domestic investment.

The government set up a four-member committee headed by Economic Affairs Secretary Arvind Mayaram to define foreign direct investment (FDI) and foreign institutional investment (FIIs) and remove the ambiguity between them.

Economic Affairs Secretary Arvind Mayaram on Saturday discussed the continuing rupee fall and the resultant macro-economic impact with the treasury heads of leading foreign banks.

A government committee has turned down an RBI proposal to limit FII investments in the secondary market, considering the significant role foreign investments can play in propping up the economy.

Foreign investment in India would get a boost once the new Cabinet Committee on Investment (CCI) starts clearing projects to the tune of Rs 50,000 crore in the next fiscal year, says a top finance ministry official.

The government is confident of meeting the fiscal deficit target of 5.3 per cent in the current fiscal and the steps to boost investments have already started showing green shoots of revival, a top Finance Ministry official said today.