NIFTY  9,386.15  -0.55%
  SENSEX  30,365.20  -0.67%
 CURRENCY  Rs  64.55/$ 72.63/€, 83.84/£
  GOLD  28,818.00  0.11%
  SILVER  39,921.00  0.12%
  DAX  12,659.20  0.31%
  FTSE  7,485.29  -0.15%
  CAC  5,348.16  0.42%
  HANG SENG  25,403.20  0.05%
  NIKKEI  19,613.30  -0.33%
  Shanghai Composite  3,061.95  -0.23%
  DOW JONES  20,894.80  0.43%
  NASDAQ  6,133.62  0.82%
  S&P 500  2,394.02  0.52%
CCI : Approves Amalgamation Of Videocon D2H Into And With Dish TV CCI : Approves Acquisition Of Up To 6% Stake By Aceville In Flipkart EARNINGS REPORT : National Peroxide Q4 PAT Rs 15.7 Cr Vs Rs 7.4 Cr YoY EARNINGS REPORT : National Peroxide Q4 Total Income From Ops Rs 68.9 Cr Vs Rs 61.4 Cr YoY FINANCE MINISTER : Want To Dispel Doubt That GST Won't Be Rolled Out By July 1 FINANCE MINISTER : Using Insolvency, Bankruptcy Code To Deal With Bank NPAs

RBI Says No FPI Where FDI Is Barred

Video:

Play this video

The RBI has made it clear to the government that foreign portfolio investment (FII’s) cannot run in contradiction to the rules barring foreign direct investment (FII) in certain sectors. RBI Governor D Subbarao believes that no FDI should be permitted in prohibited sectors whereas defense minister AK Anthony objects to raising the capital to 49% from 26%. Haigreave Khaitan,Senior Partner, Khaitan & Co, further shares his views on the matter.