At present, index funds and Exchange-Traded Funds (ETF) cannot invest in listed shares of group companies or sponsor companies in excess of 25 percent of its net assets. This restricts the ability of passive funds that invest in thematic and sector indices. SEBI has now proposed to relax this limit.
This has been rolled out as a pilot internally. But the larger goal is to enhance the ease of doing business for an investor, Invest India chief Nivruti Rai told ET.
The Central Board of Indirect tax and Customs is considering a directive to address concerns raised by multinational companies during tax investigations conducted by DGGI officials. The directive aims to improve ease of doing business and has received feedback from the finance ministry.
Central Processing Centre (CPC) streamlines filing processes under companies law and LLP Act, promoting ease of doing business with faceless and time-bound operations