Posted on 01/03/2012 1:36:22 PM PST by SteelToe
Foreign individuals, pension funds and trusts will be able to subscribe to public offers of an Indian company. "Qualified foreign investors will be able to invest in initial public offers or follow-on public offers as well," a finance ministry official said. The issue of voting rights for QFIs is also under discussion with market regulator Sebi, which is expected to issue a detailed notification by January 15, the official said. India had on Sunday announced its decision to allow QFIs to directly invest in the Indian equity market. A QFI is an individual, group or association resident in a foreign country that is compliant with Financial Action Task Force standards. QFIs do not include FIIs or their sub-accounts. – Economic Times
Dominant Social Theme: A brave new world of investment opportunities beckons.
Free-Market Analysis: We reported the other day on how China has further opened up its "markets" to "investments." And now India is doing the same thing (see article above). Coincidence? We try to look past that these days.
Nope. One can make the argument that the Anglosphere elites attempting to run the world are moving along with their apparent quest to create a global currency. From what we can tell, the ultimate goal is to implement the IMF's SDRs and use the IMF as a global central bank.
(Excerpt) Read more at thedailybell.com ...
With this plan, the social democrats get the goodies,the favored corporations get the profits,the banks get interest on money created out of nothing, and the taxpayers get fleeced by having their wealth taken away from them and redistributed.
This article is bonkers on so many levels.
Gonzo financial “journalism” that doesn’t have any understanding of Securities Laws in India, The Mumbai Exchange Rules and Regulations, nor much curiousity to properly report on the situation in India.
Wow, on second reading of this article I came to the conclusion the author is a downright idiot, or old drunkard gasbag hawking some schlock investment newsletter type scam.
If you’re going to post this on FR, you need to add your own comments, defending or opposing, so your name isn’t attached to this vapid level of ‘insight’,
regards,
Interesting article. Thanks for posting.
The author has no idea at all what he's talking about.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.