GoI appoints panel to define FDI and FII
Government of India set up a four member committee headed by Arvind Mayaram, Economic Affairs Secretary to clear the ambiguity between Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII). The panel will look into the difference between them and it will also give definition of FDI and FII.
Finance Minister of India in his Budget speech (2013-14) had proposed to follow the international practice with regard to definitions of FDI and FII. He had said that if anyone investing in a company 10% or less is considered as FII and above 10% is considered as FDI.
Categories: Persons in News 2017