Mayaram Committee

• Non-Repatriable NRI Funds May Get Domestic Investment Tag

  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.

• Panel on FDI, FII to finalise report by month-end: report

  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.

• Rupee crisis: Mayaram meets foreign banks' treasury heads

  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.

• Panel rejects RBI proposal to limit FII investment in secondary market

  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.

• Finance Ministry sees Rs 50,000 crore worth projects to go on stream in FY14

  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.

• Government confident of meeting FY13 fiscal deficit target of 5.3%: 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.