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  • Tweaking Some Other Rules: Fdi Circular

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    Bhagya Patil
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    The document discusses reactions to changes made in India's FDI circular. Experts provide the following views: 1) The changes are marginal according to Chakrabarti of ISB, but Parekh of E&Y notes a couple major deviations including rules around non-cash consideration and convertible instruments. 2) Bapat of PwC says the changes are not enough and do not indicate if FDI will be allowed in retail, insurance or defense, creating uncertainty for investors. 3) Parekh of E&Y calls it a small step but more reforms are needed to attract more FDI, such as opening more sectors like infrastructure.

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    FDI CIRCULAR

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    INTERBATIONAL BUSINESS

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    The document discusses reactions to changes made in India's FDI circular. Experts provide the following views: 1) The changes are marginal according to Chakrabarti of ISB, but Parekh of E&Y notes a couple major deviations including rules around non-cash consideration and convertible instruments. 2) Bapat of PwC says the changes are not enough and do not indicate if FDI will be allowed in retail, insurance or defense, creating uncertainty for investors. 3) Parekh of E&Y calls it a small step but more reforms are needed to attract more FDI, such as opening more sectors like infrastructure.

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    6 views3 pages

    Tweaking Some Other Rules: Fdi Circular

    Uploaded by

    Bhagya Patil
    The document discusses reactions to changes made in India's FDI circular. Experts provide the following views: 1) The changes are marginal according to Chakrabarti of ISB, but Parekh of E&Y notes a couple major deviations including rules around non-cash consideration and convertible instruments. 2) Bapat of PwC says the changes are not enough and do not indicate if FDI will be allowed in retail, insurance or defense, creating uncertainty for investors. 3) Parekh of E&Y calls it a small step but more reforms are needed to attract more FDI, such as opening more sectors like infrastructure.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 3

    TWEAKING SOME OTHER RULES

    FDI CIRCULAR

    Chakrabarti of ISB : Changes are marginal

    Parekh of E&Y : Couple of aspects which are major deviations from the earlier policy Among others: Issue of shares against non-cash consideration; Reform in regard to pricing of convertible instruments; Guidelines relating to downstream investments

    Bapat of PwC : Changes are not enough. Significant aspects of circular are miss-outs No indication of government for FDI in retail, insurance or defence Creates jitters in the mind of potential investors
    Parekh of E&Y : One small step towards the larger FDI reforms To attract more FDI is to open up more areas to foreign Need to do in areas of Infrastructure Bhandare of TSMG Important is the need to improve the ease of doing business

    Bapat of PwC : Instability of policy perceptions of corruption, and lack of transparency Cut down multiplicity of regulations and have a consistent and continuous fiscal policy

    Chakrabartis (standard recommendations) Opening up new sectors Raising caps Simplifying regulations Should be worked out in consultation with civil society groups

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