| 09.05.2012 - India: No FIPB nod required for FIIs to invest in commodity exchanges |
| The Reserve Bank Tuesday said foreign institutional investors (FIIs) can invest up to the permitted limit of 23 percent in commodity stock exchanges without prior approval of the government. However, prior clearance from the Foreign Investment Promotion Board (FIPB) is required for foreign direct investment (FDI) in such exchanges...............................................Full Article: Source |