Reserve Bank to get more FEMA related powers

The rules under the Foreign Exchange Management Act (FEMA) will be changed to give individuals and investors a greater level of comfort. A proposal has been made to transfer the powers of compounding a penalty to the Reserve Bank of India, from the Enforcement Directorate. more

FDI approvals could well go directly through the automatic route

The finance ministry has moved a note to the Prime Minister’s Office seeking closure of Foreign Investment Promotion Board (FIPB) in its present form and involving the RBI to a greater extent in matters relating to foreign investment. more

Government handing more incentives for Special Economic Zones (SEZs)

In a bid to kickstart greenfield special economic zones (SEZs) through private investment and boost exports, the Union Cabinet has cleared a long-awaited legislation that will function as the enabling law for all policies, including fiscal concessions, related to these zones.
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Bangalore’s residential property development throwing up big opportunities

An increase in Bangalore's population is imminent, with the city’s core driver of economy expanding to include the ITeS (IT-enabled Services) and BPO (business process outsourcing) industries, besides IT (information technology). Fuelled by this growth in population, the demand for residential property is increasing manifold. more