The Reserve Bank of India (RBI) through a circular on 29 March has revised and increased the investment limit for foreign portfolio investors (FPIs) in central government securities and state development loans. The revised limits are as follows:
The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.