New Delhi, Feb 1 (IANS) As part of the financial sector reforms announced in the Union Budget for 2026-27 on Sunday, the government proposes to restructure the Power Finance Corporation and the Rural Electrification Corporation to achieve scale and improve efficiency in the public sector NBFCs.The vision for NBFCs for Viksit Bharat has been outlined with clear targets for credit disbursement and technology adoption.Finance Minister Nirmala Sitharaman said in Parliament that a High-Level Committe…
Latest Portfolio Investment Scheme News & Updates
New Delhi, Feb 1 (IANS) The government on Sunday said Indians living abroad can now invest in stocks through the Portfolio Investment Scheme (PIS).Other measures for non-resident investment announced in Budget 2026 including raising the individual investment limit for Persons Resident Outside India (PROIs) from 5 per cent to 10 per cent, increasing the overall investment limit for all PROIs from 10 per cent to 24 per cent, and allowing residents living abroad to invest in Indian equities via a p…
New Delhi, Feb 1 (IANS) In her Union Budget speech for 2026-27, Finance Minister Nirmala Sitharaman outlined several forward-looking proposals in the financial sector, aimed at strengthening India’s banking system and enhancing ease of doing business as the country progresses towards the goal of Viksit Bharat. A major announcement was the proposal to establish a high-level committee on Banking for Viksit Bharat. This panel will conduct a comprehensive review of the entire banking sector, includi…