Countering FPI outflows: RBI looks to double investment limit for foreign individuals, says report – The Times of India

Countering FPI outflows: RBI looks to double investment limit for foreign individuals, says report – The Times of India

India intends to extend privileges previously exclusive to overseas Indians to all foreign investors. (AI image) The Reserve Bank of India (RBI) plans to raise the investment limit for individual foreign investors in listed companies to 10% from 5%, aiming to enhance capital inflows, according to senior government officials and documents seen by Reuters.Foreign portfolio…

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EPFO withdrawal through ATMs, integration with UPI for payment up to Rs 1 lakh soon – The Times of India

EPFO withdrawal through ATMs, integration with UPI for payment up to Rs 1 lakh soon – The Times of India

EPFO auto settlement feature, capped at Rs 1 lakh, enables subscribers to access funds for various purposes including medical expenses. The Employees’ Provident Fund Organisation or EPFO aims to streamline further its claim settlement procedures and plans to incorporate UPI payments for amounts up to Rs 1 lakh. In a conversation with TOI, Labour Secretary…

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