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Fiis And Real Estate Investments By Property
The rules governing FDI in the construction development sector.Some time ago the government had permitted 100 percent FDI in construction and development projects. Construction development projects include housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure. Previously, only non-resident Indians (NRIs) and persons of Indian origin (PIOs) were permitted to invest in the housing and real estate sectors. Foreign investors, other than NRIs, were allowed only in development of integrated townships and settlements either through a wholly-owned subsidiary or through a joint venture company in India along with a local Indian partner. Conditions for foreign entities to come into the sector were very restrictive. They were not allowed to make any equity investments in the sector and the area of their involvement was limited to providing engineering, architectural and designing services.
The minimum area they were required to develop was 100 acres (40 hectares), a minimum of 2,000 houses or for at least 10,000 people. Foreign companies were allowed to invest upfront USD10 million for wholly-owned subsidiaries and USD5 million for joint ventures, with a lock-in period of three years. Last year, the government had permitted 100 percent foreign direct investment (FDI) on the automatic route in the construction development sector, covering a range of areas from hotel resorts to integrated
townships. Instead of the earlier restricted norms permitting foreign investments only in integrated townships, it was decided to permit 100 percent FDI in all forms of housing, commercial premises, hotels, resorts, hospitals, educational institutions, recreational facilities, city and regional level infrastructure. In case of commercial construction development projects like building of shopping malls or hotels, a minimum of 50,000 square meters has to be built under each project. Foreign investment is also allowed in office accommodation. The minimum capital requirement for foreign firms setting up wholly-owned subsidiaries in the construction sector is USD10 million and USD5 million for joint ventures. The funds have to be brought in within six months of commencement of business and foreign firms are not allowed to repatriate their original earnings before three years unless an early exit is cleared by the FIPB. These projects need to conform to the norms and standards, including land use requirements and provision of community amenities and common facilities as laid down in the applicable building control regulations , byelaws, rules and other regulations of the state governments , municipal bodies or local bodies concerned. Acquire information on Real Estate at http://www.propertyvertical.com For information on Real Estate Property in Delhi, Gurgaon and surrounding areas Visit http://www.propertyvertical.com/delhi Source: www.economictimes.com
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Forex: USD/CAD hits 20-month high below 1.0070 after retail sales
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<a href="http://www.nasdaq.com/newscontent/20100319/forex-usdcad-hits-20-month-high-below-10070-after-retail-sales.aspx?storyid=20100319_5d0d6f6a-4e3f-4ee5-9736-cc7a7b099b2c_fxstreet.com" style="font-size:1.2em">Forex: USD/CAD hits 20-month high below 1.0070 after retail sales</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">7 hours ago </span>
<div style="width:80%;">FXstreet.com (Barcelona) - The Canadian Dollar has rallied more than 120 pips during the day, fuelled by favourable Canada CPI and retain sales figures, and the USD/CAD decline from 1.0185 session ...</div>
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Canadian Dollar Targets Parity on Inflation, Higher Rate Bets
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<a href="http://www.bloomberg.com/apps/news?pid=20601082&sid=apVzgCImz__I" style="font-size:1.2em">Canadian Dollar Targets Parity on Inflation, Higher Rate Bets</a>
<br> <span style="color:#888888;">Bloomberg</span> - <span style="white-space:nowrap">16 hours ago </span>
<div style="width:80%;">By Chris Fournier and Allison Bennett March 19 (Bloomberg) -- The Canadian currency came the closest to parity with its US counterpart in almost 20 months after a report showed consumer prices ...</div>
<a href="http://www.businessweek.com/news/2010-03-19/canadian-dollar-may-decline-on-crowded-bets-barclays-says.html">Canadian Dollar May Decline on 'Crowded' Bets, Barclays Says</a> - <span style="color:#888888">BusinessWeek</span><br>
<a href="http://www.rttnews.com/Content/CanadianNews.aspx?Id=1246211&SM=1">Canadian Dollar Declines From Early Highs Against Major Rivals</a> - <span style="color:#888888">RTT News</span><br>
<a href="http://beforeitsnews.com/news/26150/Canadian_Dollar_In_Purgatory.html" style="color:#009900">Before It's News</a>
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Canada's Airlines Helped By Strong Canadian Dollar
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<a href="http://online.wsj.com/article/BT-CO-20100318-714485.html?mod=WSJ_latestheadlines" style="font-size:1.2em">Canada's Airlines Helped By Strong Canadian Dollar</a>
<br> <span style="color:#888888;">Wall Street Journal</span> - <span style="white-space:nowrap">23 hours ago </span>
<div style="width:80%;">By Caroline Van Hasselt Of DOW JONES NEWSWIRES TORONTO (Dow Jones)--Canada's airline industry is one sector of the country's economy that benefits from a strong currency, given that fuel, their ...</div>
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| EXCHANGE RATE
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<a href="http://www.dailynews.lk/2010/03/19/ExchangeRate.asp" style="font-size:1.2em">| EXCHANGE RATE</a>
<br> <span style="color:#888888;">Ceylon Daily News</span> - <span style="white-space:nowrap">Mar 18, 2010 </span>
<div style="width:80%;">Exchange Rates on 18.03.2010 The average rates of the following currencies quoted by commercial banks in Colombo for Telegraphic Transfers (TT) at 9.30 am are as follow: Currency Buying Rate ...</div>
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Fund Managers Don't Fret Canadian Dollar At Par; Some Even Like It
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<a href="http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201003181514dowjonesdjonline000762&title=fund-managers-dont-fret-canadian-dollar-at-parsome-even-like-it" style="font-size:1.2em">Fund Managers Don't Fret Canadian Dollar At Par; Some Even Like It</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">Mar 18, 2010 </span>
<div style="width:80%;">By Stuart Weinberg, OF DOW JONES NEWSWIRES TORONTO -(Dow Jones)- Peter Hodson won't stop investing in US equities now that the Canadian dollar is near par with the greenback, but he does offer the ...</div>
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A Double Top in Oil Could Spell End For Canadian Dollar Rally
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<a href="http://www.dailyfx.com/forex/fundamental/article/drivers_of_price_action/2010-03-18-1856-A_Double_Top_in_Oil.html" style="font-size:1.2em">A Double Top in Oil Could Spell End For Canadian Dollar Rally</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 18, 2010 </span>
<div style="width:80%;">The Canadian dollar rally took a breather today as the re-emergence of troubles in Greece cooled prevailing risk appetite. The ?loonie" is on pace to test parity against the dollar as rising oil ...</div>
<a href="http://www.nasdaq.com/newscontent/20100319/forex-cad-suffers-greenback-strength.aspx?storyid=20100319_b680d205-5415-49b9-91cf-6583f6bc4a0e_fxstreet.com">Forex: CAD suffers Greenback strength</a> - <span style="color:#888888">NASDAQ</span><br>
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CANADIAN DOLLAR MAKES ANOTHER NEW CONTRACT HIGH. NEW BUY SIGNAL FOR THE POUND
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<a href="http://www.forexhound.com/article/Fundamentals/Daily_Reports/CANADIAN_DOLLAR_MAKES_ANOTHER_NEW_CONTRACT_HIGH_NEW_BUY_SIGNAL_FOR_THE_POUND/192500" style="font-size:1.2em">CANADIAN DOLLAR MAKES ANOTHER NEW CONTRACT HIGH. NEW BUY SIGNAL FOR THE POUND</a>
<br> <span style="color:#888888;">Forex Hound</span> - <span style="white-space:nowrap">Mar 18, 2010 </span>
<div style="width:80%;">CURRENCIES: 03/18/10 Higher closes yesterday for the Canadian Dollar, Swiss Franc , British Pound, Japanese Yen, and Aussie Dollar while lower for the Euro Fx and dollar index. The euro continues ...</div>
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Canadian Dollar May Soon Reverse Against US Dollar
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<a href="http://www.dailyfx.com/forex/technical/ssi/usd-cad/2010-03-18-1554-Canadian_Dollar_May_Soon_Reverse.html" style="font-size:1.2em">Canadian Dollar May Soon Reverse Against US Dollar</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 18, 2010 </span>
<div style="width:80%;">USDCAD ? Continued USDCAD declines have left the pair's SSI ratio in strongly net-long territory, but it is interesting to note that said ratio has not hit further extremes as the pair drops to ...</div>
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Canadian Dollar at Risk of Pullback on Turn in Forex Sentiment
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<a href="http://www.dailyfx.com/forex/technical/ssi/table/2010-03-18-1536-Canadian_Dollar_at_Risk_of.html" style="font-size:1.2em">Canadian Dollar at Risk of Pullback on Turn in Forex Sentiment</a>
<br> <span style="color:#888888;">Daily FX</span> - <span style="white-space:nowrap">Mar 18, 2010 </span>
<div style="width:80%;">Interested in building your own SSI-based strategy? Request SSI data on our forex forum. Strong declines in the US Dollar/Canadian Dollar currency pair have persistently been met with crowd buying ...</div>
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Good Numbers In UK
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<a href="http://www.istockanalyst.com/mobile/viewarticle.aspx?articleid=3957634" style="font-size:1.2em">Good Numbers In UK</a>
<br> <span style="color:#888888;">istockAnalyst.com</span> - <span style="white-space:nowrap">Mar 18, 2010 </span>
<div style="width:80%;">Some good news out of UK, for a change. After recent avalanche of doom and gloom reports, employment numbers turned positive today. Unemployment count for January was revised down, but February ...</div>
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Forex is short for foreign exchange. When one speaks of a forex profit or loss, he is talking about the increased or decreased value of an ...
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