Fpi Rules News Today

The Unified Payment Interface (UPI) of India and its similar network in Singapore, PayNow, will soon be integrated, according to the Monetary Authority of Singapore, which will result in a 10 per cent reduction in remittance costs, according to a PTI report. The government seeks to reduce the risks of a financial or geopolitical scenario in which traditional payment channels are disrupted by creating a worldwide UPI ecosystem as a bigger strategy based on the geopolitical unrest seen in recent ...

Under the current rules, a Foreign Portfolio Investor(FPI) who is based out of overseas jurisdictions like Singapore, can shift base to IFSC and avail various tax sops available to the investors based out of IFSC.