September month Calendar 2017

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The 9 Number of September in 2017 year, this year from all year ending program have a start like Dasra, Ganesh chatorthi, Bakari Eid, Dasra and other festive are in this month.

This is 30 Days month

Important dates are

2 – September “ Bakri Eid”

5 – September “ Teacher Day” and “ Anant Chatorthi”

21 – September “ Ghata Thanpana “

30 – September “ Dasara”

Best dates in September Month 2017

10, 14,18, 19, 20, 23, 24 , 26

Below see the September month marathi Calendar 2017

This Month Extra Knowledge – About foreign investments in India

The saga of foreign investment in corporate sectors, started since adoption of LPG policy in 1991, has played a pivotal role in economic growth of our country. Every Indian citizen should take pride to be the part of this journey towards becoming an economic superpower in the world. The questions related to various types of foreign investments are routinely asked in various types of competitive examinations or personal interviews as well as in various Group Discussions. The knowledge of foreign investment is especially of great help to every citizen of India, especially the personnel associated with manufacturing or service sector. In this article, we shall focus on various aspects of foreign investments, in order to keep us updated on the issue of foreign investments in India.

Foreign investment is a vital part of any open economy of the world and acts as a major promoter to the development. The confusion in the minds of investors related to exact definitions of FDI (Foreign Direct Investment) and FII (Foreign Institutional Investment) was clarified by Arvind Mayaram panel in 2013. FDI can be in listed or unlisted Indian company whereas, FII is only allowed in listed company. The investment of 10% or more by a foreign investor in any listed Indian company is termed as FDI. Foreign investment in any unlisted company, irrespective of the threshold limit is also considered as FDI. The investment by a foreign investor in any listed Indian Public limited company below the limit of 10% is termed as FIT. FDI is usually a long term relationship of a foreign firm with Indian company whereas FIT is a short-term relationship with the Indian company. As the FII can leave the country within a short period, it is also termed as ‘hot money’ or `flight money’. In order to invest as a Foreign Institutional Investor, a FIT firm has to be registered as a sub-account holder FII with SEBI (Securities Exchange Board of India) as per SEBI Rules, 1995 and should submit all necessary documents for the same. The total indirect investment done by the foreign investors in Indian company either in terms of FIT or QFI (Qualified Foreign Investment) is termed as FPI (Foreign Portfolio Investment). A QFI has to be KYC (Know Your Costumer) compliant with SEBI and there is no need to complete the procedures for registration with SEBI, as being done in case of FIT. The maximum limit for FII is 10%, QFI is 5% and total FPI in any company could be the tune of 24% of total capital of that company. In order to circumvent the procedure for registration and identification with SEBI, few of the foreign investors prefer to invest in Indian share market through the registered FIT firm via the route of ‘Participatory Notes’. These `P-Notes’ act as a conduit for round tripping of black money from India and thus act as a big threat to the national security as well as economic growth. ‘P-Notes’ evade the tax net of Indian tax authorities and are also responsible for the loss to public exchequer in terms of Capital Gains Tax (CGT) invasion.

The FDI can be invested in India through two routes Automatic route or Government approval/FIPB route. In Automatic route of FDI, a foreign investor need not take any prior sanction from SEBI or RBI for investing in an Indian company whereas in case of FIPB route (Foreign Investment Promotion Board route) a foreign investor need to take prior sanction from FIPB before investing.