RBI's Flip-Flop Hits MNCs Hard
  • Elizabeth George
  • Sep 19 2013

September 19: In a span of less than 3 months, the RBI has gone back and forth thrice on its decision restricting operating companies downstream investment through internal accruals. The decision as it stands now is applicable retrospectively from 2009, which is a huge blow for MNCs. Experts fear many companies could fall under the trap of FEMA violations retrospectively. Bloomberg TV India presents the latest policy change and its impact.