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Tax windfall better by billions than initially projected in budget

Tax windfall better by billions than initially projected in budget The expectation is based on revenue collections for the final quarter of 2020 BL PREMIUM 03 March 2021 - 14:18 Linda Ensor The actual revenue shortfall for 2020/2021 could be up to R30bn smaller than that projected in the budget based on January revenue figures, PwC tax policy leader Kyle Mandy told MPs on Wednesday. Such an outcome would assist the Treasury in marginally reducing its debt mountain, which is proje...
Linda Ensor Kyle Mandy Financial Times Sunday Times National Treasury Tito Mboweni

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Sops for FPI investment in defaulted bonds to boost liquidity

Sops for FPI investment in defaulted bonds to boost liquidity February 05, 2021 Market experts also attribute the spike in FPI inflows to the recent spate of fundraising by Indian corporates Market experts also attribute the spike in FPI inflows to the recent spate of fundraising by Indian corporates× In order to further boost foreign portfolio investments in the corporate bond segment, the RBI has proposed to exempt FPI investment in defaulted corporate bonds from the short-term limit and th...
Niranjan Hiranandani Sandeep Agarwal Vidisha Krishan National Company Law Tribunal Senior Fund Hiranandani Group

RBI to provide exemptions for FPI investments in defaulted bonds

RBI to provide exemptions for FPI investments in defaulted bonds ​ By IANS | Published on ​ Fri, Feb 5 2021 14:12 IST | ​ 0 Views Investment avenues that will be safer bets in the long run.. Image Source: IANS News Mumbai, Feb 5 : In a bid to promote more investments by foreign portfolio investors (FPI), the Reserve Bank of India (RBI) has decided to extend exemptions to FPIs into defaulted corporate bonds. FPIs in defaulted corporate bonds will be exempt from the short-term limit an...
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