## Monday, August 30, 2010

### MoF Working Group on Foreign Investment

The Ministry of Finance has released the Report of the Working Group on Foreign Investment, led by U. K. Sinha.

#### 1 comment:

1. Nice... that the margin ban for outflows will most likely be lifted.

There is another gray area: there is a remittance restriction of $200K per year. But, what if someone has earned in a foreign currency and would like to keep it in a foreign account (so there is no remittance involved). There shouldn't be a restriction of margin, etc in this case? I'm not sure whether the law distinguishes between outward remittance and external income. Please note: Comments are moderated. Only civilised conversation is permitted on this blog. Criticising me is perfectly okay; uncivilised language is not. I delete any comment which is spam, has personal attacks against anyone, or uses foul language. I delete any comment which does not contribute to the intellectual discussion about the blog article in question. Please note: LaTeX mathematics works. This means that if you want to say$10 you have to say \\$10.