Fema Rules

Government notifies FEMA rules to ease foreign investment in Indian stocks. Key changes include: -Individual persons resident outside India (PROIs) can now invest directly in listed Indian equities through the Portfolio Investment Scheme (PIS), a facility previously limited to NRIs and OCIs. -Individual Investment limit increased from 5% to 10% in any listed company. -Aggregate limit for all individual PROIs increased from 10% to 24%. Move is aimed at attracting larger and more stable foreign capital inflows into Indian equity markets. $RELIANCE