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Consolidated FDI Policy covering the latest changes announced by the Government is summarized in the Press Release. Do read full Policy for more details. |

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Holding, opening and operating Foreign Currency Accounts (overseas) by Indian Parties for the purpose of Overseas Direct Investment has been liberalized, subject to certain terms and conditions. |
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PPF (Public Provident Fund), 1968 and SCSS (Senior Citizens Small Savings Scheme), 2004 to earn higher interest rates at 9.3 % and 8.8 % respectively w.e.f. 01.04.2012. |
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Indian Companies raising funds under the PIS must give prior intimation to RBI along with a certificate from the Company Secretary, if the aggregate investment by Foreign Institutional Investors (FIIs) increases from 24% to sectoral cap / statutory limit and by Non Resident Indians (NRIs) from 10% to 24% of their paid up equity capital / convertible debentures. This is to enable RBI to monitor the set limits on a daily basis. |
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All -in-cost ceiling for Trade Imports into India to continue at 6 months LIBOR + 350 bps until 30th September, 2012. |
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With effect from 1st July, 2012 GR forms (used by Exporters) will be available only online at the following link on www.rbi.org.in .
“Notification-> FEMA -> Forms -> For Printing of GR Form” |
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Now Resident Indians can redeem the above cards immediately upon return to India subject to certain terms and conditions as against the 10 days waiting period which was mandated earlier. |
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TDS Certificates (form 16 A) for the deduction done on or after 1st April 2012 must be downloaded from TIN Website: www.tin-nsdl.com. TDS Deductor can verify the correctness of the contents before issuing the said certificate which would bear a unique TDS certificate number. |
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