‘Indirect’ hurdle is posing problems to overseas fund managers’ India plans

The Finance Bill’s restriction on resident Indians investing more than 5% indirectly in offshore funds is hindering global fund managers from moving to India. This 5% limit, aimed at preventing round-tripping, is difficult to track and deterring fund management activity in GIFT City.

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RBI doubles bond purchases to Rs 40,000 crore

Market participants are expecting additional liquidity support via variable rate repo (VRR) auctions and open market operations (OMO) purchases, both planned and unplanned, along with

February 11, 2025

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