IIPM MANAGEMENT INSTITUTE
A new policy to allow foreign direct investment (FDI) in stock and commodity exchanges is on its way. The government seems to have reversed its earlier decision of excluding foreign investment from this part of the financial sector. The finance ministry is working towards confirming guidelines for the same. To mark a beginning, the ministry has already restricted the equity holding for a foreign investor to 25%. There is a further possibility of ceiling the limit for FDI in stock exchanges, depositories and clearing corporations to a mere 5%. Whatever the limit may be, it is certainly a sign of progress for the economy.
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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative
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