Page 15 - Latest Updates on FPI
No clarification over FPI surcharge needed at present, says FM Sitharaman
There is no apparent basis to tax FPIs organised in different legal forms
 "No clarification over FPI surcharge needed at present, says FM Sitharaman")
No need to clarify higher tax on FPIs due to surcharges: Nirmala Sitharaman
The government on Friday raised income tax surcharge on people with an annual income of more than 20 million Indian rupees
Govt to soon issue clarification on applicability of surcharge on FPIs
There are concerns that the increased surcharge on super-rich could also affect foreign funds investing in India
 "Govt to soon issue clarification on applicability of surcharge on FPIs")
FPIs remain buyers for fourth consecutive month; infuse Rs 9,031 cr in May
Interestingly, foreign investors were net sellers for the first three weeks of May, but the tide turned just ahead of the announcement of election results.
 "FPIs remain buyers for fourth consecutive month; infuse Rs 9,031 cr in May")
From investment cap to pension funds, Sebi moots changes to FPI rules
The panel has also proposed that sovereign wealth funds should be exempted from investment caps
 "From investment cap to pension funds, Sebi moots changes to FPI rules")
FPIs pour in Rs 11,012 cr in April so far amid easing liquidity conditions
FPIs were net buyers for the previous two months as well, infusing a net amount of Rs 11,182 crore in February and Rs 45,981 crore in March 2019
 "FPIs pour in Rs 11,012 cr in April so far amid easing liquidity conditions")
FPIs in a bind over RBI's voluntary retention route for distressed debt
RBI threw open the VRR to investors last month, aimed at attracting long-term overseas money into the debt market while ensuring operational flexibility to FPIs to manage their investments
 "FPIs in a bind over RBI's voluntary retention route for distressed debt")
FPIs pour Rs 6,311 cr into domestic capital markets, highest in Feb so far
The investors had pumped in a net sum of Rs 2,965.66 crore on February 11, the second-highest single-day inflow so far this month
FPIs go big on stocks of financials, mutual funds on energy and IT sectors
FPIs upped stake in 28 companies, while reducing holdings in 44 in the Morgan Stanley top 75 universe during the quarter
 "FPIs go big on stocks of financials, mutual funds on energy and IT sectors")
FPIs may find India attractive as oil prices fall, fundamentals improve
If Brent crude falls and the rupee appreciates to some extent, the import bill could be somewhere between $105 billion and $125 billion for the financial year
 "FPIs may find India attractive as oil prices fall, fundamentals improve")
FPIs, MFs chase fewer stocks amid distorted valuations, regulatory changes
Their investments in the top 20 shares as a percentage of the overall investment touched a multi-year high
 "FPIs, MFs chase fewer stocks amid distorted valuations, regulatory changes")
Non-ETFs pull $1 bn out of India in Sep; global emerging market funds fall
IT and healthcare sectors saw the most buying interest with inflows of $774 mn and $194 mn, respectively
 "Non-ETFs pull $1 bn out of India in Sep; global emerging market funds fall")
Going against spirit of law, taxmen deny grandfathering benefit to FPIs
Nil withholding certificates not issued to investors from Mauritius, Singapore for shares bought before April 1, 2017
 "Going against spirit of law, taxmen deny grandfathering benefit to FPIs")
Amid falling rupee, trade war, FPIs have pulled out Rs 356 bn in Oct so far
The latest outflow is higher than Rs 210 bn worth of net withdrawals seen in entire September
 "Amid falling rupee, trade war, FPIs have pulled out Rs 356 bn in Oct so far")
Sell-off continues: FPIs pull out Rs 320 bn in Oct on trade war, weak rupee
This is much higher than the over Rs 210 billion net outflow seen in entire September
New FPI route will appeal to long-term debt investors, says experts
Investments will be over and above existing limits set for govt, corporate bonds
 "New FPI route will appeal to long-term debt investors, says experts")
RBI suggests VRR for providing more flexibility to FPI investments
Several measures have been undertaken in recent times to facilitate FPI investment in debt
 "RBI suggests VRR for providing more flexibility to FPI investments")
Markets stare at worst-ever FPI sell-off in 2018: All you need to know
Not just India, but Asian peers such as Indonesia, South Korea, Thailand, Taiwan and The Philippines have seen sharp FPI outflows this year
Steps to bring rupee, CAD back on track: FPI move big positive for realty
FPI outflows from the domestic market were seen accelerating last week amid a slide in rupee and spike in bond yields
 "Steps to bring rupee, CAD back on track: FPI move big positive for realty")
Sebi mulls allowing NRIs through FPI route after meeting specific KYC norms
Move will help do away with several curbs on NRI investments, opening a new source for foreign inflows
 "Sebi mulls allowing NRIs through FPI route after meeting specific KYC norms")