Foreign

Foreign investors can buy govt bonds directly in secondary market: RBI

In a circular on Thursday, the RBI said the foreign investors can buy government bonds through any "prevalent market practice".<br />

Indian firms think foreign degree holders are better skilled for jobs: Survey

The survey conducted among 200 Indian and foreign companies in the country found that 41 per cent have hired at least one foreign-university graduate in the last two years.

Lessons from Coalgate: How to keep crony capitalists in check? Open up coal mining

It is important that the sector be opened up for foreign companies as well, to keep India's crony capitalists under check.

Indians are taking longer holidays thanks to off-season discounts, high income

The survey revealed that despite being the world's third largest Internet using population, 85 per cent of Indians still rely on travel agents to purchase tickets for their overseas trips, while 78 per cent do so for domestic leisure trips.

Banks need not report individual purchases of overseas immovable property: RBI

Earlier in June this year, RBI had raised the remittance limit for individuals to $125,000 per year from previous limit of $75,000 and later on eased it further by allowing the use of same for buying immovable property overseas.<br />

RBI tweaks rules for equity stake sales by non-resident investors

Earlier rules stated that share sales by non-resident investors in unlisted companies had to be at a price not exceeding the return on equity as per their latest audited balance sheet.<br />

RBI eases overseas investment norms for Indian corporates, raises borrowing limits

The financial commitment should be limited within 400 percent compared to earlier level of 100 percent of the net worth as per the last audited balance sheet of the company, it said.<br />

Sheikh Hasina keeps defence, home, foreign portfolios to herself

While distributing portfolios among her 49-member council of ministers overnight, Hasina kept three more portfolios - home, foreign affairs and power - this time, besides the cabinet division, public administration and armed forces division that she held earlier too.