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Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:
1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.
2. The amendments simplify the process of cross-border share swaps for Indian companies.
3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.
Which of the statements given above is/are correct?
- a)1 Only
- b)1 and 2 Only
- c)1 and 3 Only
- d)1, 2 and 3
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding the recent amendments to t...
1. Mandatory Government Approvals: The amendments indeed introduce a requirement for mandatory government approvals for investments from countries sharing land borders with India. This is a measure intended to secure the country’s strategic and economic interests.
2. Simplification of Cross-Border Share Swaps: The amendments aim to simplify the process of cross-border share swaps, which facilitates the global expansion of Indian companies. This change follows the Union Budget's emphasis on simplifying foreign investment rules, thus making it easier for Indian companies to engage in mergers and acquisitions internationally.
3. Alignment of Downstream Investments: Another significant amendment is the alignment of the treatment of downstream investments by Overseas Citizens of India (OCI)-owned entities with those by Non-Resident Indians (NRIs) on a non-repatriation basis. This means that the funds invested by NRIs and OCIs cannot be repatriated to their home countries and must remain in India, promoting greater investment and participation in Indian markets by these groups.
All three statements are correct as per the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. Hence, the correct answer is Option D.
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Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.2. The amendments simplify the process of cross-border share swaps for Indian companies.3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.2. The amendments simplify the process of cross-border share swaps for Indian companies.3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.2. The amendments simplify the process of cross-border share swaps for Indian companies.3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.2. The amendments simplify the process of cross-border share swaps for Indian companies.3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.2. The amendments simplify the process of cross-border share swaps for Indian companies.3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.2. The amendments simplify the process of cross-border share swaps for Indian companies.3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements regarding the recent amendments to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019:1. The amendments make it mandatory for investments from countries sharing land borders with India to obtain government approval.2. The amendments simplify the process of cross-border share swaps for Indian companies.3. The amendments align the treatment of downstream investments by OCI-owned entities with those by NRIs on a non-repatriation basis.Which of the statements given above is/are correct?a)1 Onlyb)1 and 2 Onlyc)1 and 3 Onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.
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