The Reserve Bank of India (RBI) has come up with a draft rule with modifications in the existing regulation related to foreign investment to discourage round-tripping. The central bank is looking to tweak the existing regulations and has come up with draft rules around round-tripping. Some of the largest Indian companies, startups and multinationals with an India presence have put their outbound investment, fundraising and restructuring plans on hold as the RBI looks to introduce fresh regulations around “round-tripping.”
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
According to the draft rule, any investment made outside India is an entity, in turn, invests in India will be treated as round-tripping if the purpose is to escape tax. This is as the same definition and rationale used by the tax department under General Anti Avoidance Rule (GAAR) which companies have been complaining is quite broad in its scope.
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
On June 21st every year millions of people celebrate International Yoga Day by practicing the…
On 21st June, millions of the people around the world celebrates Father’s Day by expressing…
On 21st June, International Yoga Day observed and it will bring together the millions of…
National News Supreme Court Declares Right to Walk Safely a Fundamental Right The Supreme Court…
India has inducted its first homegrown hovercraft into the Indian Coast Guard. This newly inducted…