The Reserve Bank of India proposed new rules for overseas fund flows. These draft norms will replace existing regulations governing foreign investment. The framework clarifies eligible entities and defines foreign-controlled entities clearly. It also retains the distinction between direct and portfolio foreign investments. The proposed rules aim to streamline foreign investment into Indian markets.
PLI 2.0 for mobiles set to reward scale, exports; Dixon a key beneficiary: Motilal Oswal
The government’s new mobile phone manufacturing incentive scheme is set to favour companies with scale, export capabilities and strong domestic supply chains. Motilal Oswal said