Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

RBI opens up specified G-Secs fully for foreign investors.


Date: 31-03-2020
Subject: RBI opens up specified G-Secs fully for foreign investors
In line with the Budget announcement, the Reserve Bank on Monday opened certain specified categories of government securities (g-secs) for non-resident investors as part of an initiative to deepen the bond market. Accordingly, a separate route namely, Fully Accessible Route (FAR) for investment by non-residents in securities issued by the Government of India has been notified, the RBI said in a notification.

Finance Minister Nirmala Sitharaman in the Budget for 2020-21 had announced that "certain specified categories of Government securities would be opened fully for non-resident investors, apart from being available to domestic investors as well."

This will come under overall FPI limit of above 6 percent but those falling under specified securities can be subscribed without any restriction.

Following securities -- G-sec with maturity 2024 with coupon rate of 6.18 percent and 7.32 percent, G-sec with maturity 2029 with coupon rate of 6.45 percent and 7.26 percent, and G-sec with maturity 2049 with coupon rate of 7.72 percent.

This will be effective from the date on which the scheme comes into effect, it said, the directions will come into effect from April 1.

"The Reserve Bank shall notify the Government securities that shall be eligible for investment under the FAR. These securities will continue to be eligible for investment by residents. ‘Specified securities', once so designated, shall remain eligible for investment under the FAR until maturity," it said.

In addition, all new issuances of Government securities of 5-year, 10-year and 30-year tenors from the financial year 2020-21 will be eligible for investment under the FAR as ‘specified securities', it said.

The Reserve Bank may add new tenors or change the tenors of new securities to be designated as ‘specified securities' from time to time, it said.

Source:- moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025

Date: 30-04-2025
Notification No. 27/2025-Customs
Seeks to amend Second Schedule to the Customs Tariff Act, to align it with changes made in the First Schedule to the Customs Tariff Act vide Finance Act, 2025.



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001