RBI has proposed an easier investment route for foreign institutional investors (FIIs) wanting to invest long term funds in the debt market. FIIs voluntarily committing to retain a minimum required percentage of their investments for a period of time in India can apply for a new Voluntary Retention Route’ (VRR)’. Under the proposed Route, FIIs will have more operational flexibility in terms of instrument choices as well as exemptions from regulatory provisions.
from taxmann.com News https://ift.tt/2PaMjN7
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