Liberalization of Foreign Direct Investment Other Financial Services,.

Liberalization of Foreign Direct Investment - Other Financial Services Department of Industrial Policy & Promotion in order to provide easy finance to the Indian Industries has liberalized the Foreign Direct Investment ('FDI') limits in Non-Banking Financial Company. Para 5.2.26 of the Consolidated FDI Policy has been replaced with the following para subject to specified conditions in accounting outsourcing companies in India: Before Circular: Foreign investment in NBFC is allowed under the automatic route in only the following activities:       i.        Merchant Banking      ii.        Under Writing      iii.       Portfolio Management Services     iv.        Investment Advisory Services      v.        Financial Consultancy     vi.        Stock Broking    vii.        Asset Management    viii.       Venture Capital     ix.        Custodian Services      x.        Factoring     xi.        Credit Rating Agencies    xii.        Leasing & Finance    xiii.       Housing Finance   xiv.        Forex Broking    xv.        Credit Card Business   xvi.        Money Changing Business  xvii.        Micro Credit  xviii.       Rural Credit After Circular: Other Financial Services: Financial Services activities regulated by Financial Sector regulators viz. Reserve Bank of India, Securities and Exchange Board of India, Insurance Regulatory and Development Authority direct foreign investment in India, The Pension Fund Regulatory and Development Authority, National Horticulture Board or any other financial sector regulator as may be notified by Government of India subject to certain conditions. % of Equity / FDI Cap : 100% Entry Route: Automatic Further, minimum capitalization norms for Foreign Direct Investment in Non-Banking Finance Companies have been done away with. Investment in "Other Financial Services" activities shall be now subject to conditionalities, including minimum capitalization norms, as specified by the concerned Regulator or Government Agency. Get more information visit at:

The 'mistress hunters' who try to split up cheating spouses and their lovers

Desperate wives and husbands in China are hiring “mistress hunters” to sabotage their partner's extramarital relationships.

Zhu Lifei heads one such firm. The team at Changzhou Sincere Heart Marriage and Family Consulting includes psychologists, lawyers, counsellors and beauticians. A recent plot to thwart a relationship invovled covering a woman in chicken blood and damaging her car to fake an accident in order to attract her husband’s attention.

Projects last six months on average and can cost between $15,000 to $150,000. Most clients are women, says Zhu.

Original Source: http://bit.ly/2ha51Uq

Jan Dhan Deposits Stabilise; Get RS 1,487 crore in 7 Days.

The big surge in deposits into Jan Dhan accounts after the demonetisation seems to be stabilising now as just Rs 1,487 crore has been parked in them over 7 days to November 30, as against Rs 8,283 crore in the previous week in Setting up in India. 

Deposits in the 25.85 crore such accounts totalled Rs 74,321.55 crore at the end of November 30, as per the Finance Ministry data. 

The overall amount was Rs 72,834.72 crore in 25.68 crore accounts at the end of November 23. 

Original Source: http://bit.ly/21eSEaj

Income Tax Departments Detects Undisclosed Rs 1.64 Crore in Jan Dhan accounts.

The Income Tax department has found "various inconsistencies" in cash deposits in Jan Dhan accounts and detected about Rs 1.64 crore deposited by persons who have never filed returns as their income shown is below the taxable limit in foreign companies subsidiary.

"Investigation being conducted by the Income Tax Department across India into the sudden surge in cash deposits in Jandhan accounts have revealed various inconsistencies," a Finance Ministry statement said today. 

Original Source: http://bit.ly/2h49mYH