Participatory Notes News Today

India Business News: Mumbai: International Financial Services Centres Authority (IFSCA), the regulatory body for the IFSC-GIFT City in Gujarat, has allowed non-banking ent.

Tax extensions extended for startups and businesses in Gujarat’s GIFT City, as well as sovereign funds and foreign pension funds will attract new investments in the long run.

Participatory notes (P-notes) are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly.

BlackRock Frontiers Investment Trust plcAnnual results announcement for the year ended 30 September 2023...

The flow in the month of May was the highest level since March 2018, when investment through the route stood at Rs 1.06 lakh crore.

This year, the budget exempted taxes on income generated from trades in P-notes by a foreign investor in IFSC, GIFT City. However, the opaque structure of these instruments has made regulators uncomfortable several times.

Apart from giving a leg-up to the pernicious practice of round-tripping, FPI seems to have failed to achieve its broader objectives

Prabal Basu Roy - Questions will linger on till we have the collective courage to handle the truth, , adani enterprises, Hindenburg Research

Gagandeep Sood - Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, in accepting offshore derivative instruments (such as PNs) as legitimate contracts for growing economic activity in the GIFT City International Financial Services Centre (IFSC) has brought PNs into even more prominence considering that income distribution on PNs is now tax-exempt,

With major changes in tax slabs and tax regimes, it is expected to be a budget that will positively impact the middle- and lower-income segments