This may mean easier access, simplified KYC and documentation requirements, and fewer investment restrictions for a majority of FPIs, especially broad-based funds and pooled vehicles that were earlier part of Category-II.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
India's Hardik Pandya and Dinesh Karthik join an ICC World XI for the high-profile Twenty20 International against the West Indies at Lord's in London on May 31, being organised to raise funds for stadia in the Caribbean damaged by hurricanes last year.
The Singapore high court has put a freeze on deposits of $ 6.122 million following Enforcement Directorate's request on the ground that the money was "proceeds of crime" illegally siphoned off by Nirav Modi from the Punjab National Bank.
Meanwhile, the Board has given the names of Hardik Pandya and Dinesh Karthik as India's representatives in the World XI team that will play West Indies in a charity Twenty20 match at the Lord's on May 31.
The match is being organised to raise funds for stadia in the Caribbean, which were damaged due to hurricanes last year.
Patel is being questioned in connection with a money laundering probe related to losses suffered by Air India as part of an alleged multi-crore aviation scam.
He is the first high-profile person who has deposed before the ED in this case.
In a relief to liquor baron Vijay Mallya, the high court in London has deferred hearings on a plea by the SBI-led consortium of Indian banks, seeking the indebted tycoon to be declared bankrupt to enable them recover a loan of around 1.145 billion pounds from him. Justice Michael Briggs of the insolvency division of the high court granted relief to Mallya, ruling that he should be given time till his petitions to the Supreme Court of India and his settlement proposal before the Karnataka high court be determined, allowing him time to repay his debts to the banks in full.
ED team managed to get several bank statements from Barbados, Dubai, Hong Kong etc. which prove vital overseas link and money trail relating to Nirav Modi and his aides.
The Budget has relaxed a few safe harbour rules that aim to make it easier for fund managers overseeing offshore India-focused funds to relocate to the country.
Irma, expected to landfall in Florida on Sunday, is likely to cause devastation across Florida.
India has got the second set of Swiss bank account details of its nationals and entities under the automatic exchange of information pact with Switzerland, marking a key milestone in the government's fight against black money allegedly stashed abroad.
He, however, believes that Ronaldo will stay at the club.
The assets have been attached as part of five separate orders issued by the central probe agency under the Prevention of Money Laundering Act, it said.
This is the first time that India has received details from Switzerland under the AEOI framework, which provides for exchange of information on financial accounts that currently active as well as those accounts that were closed during 2018.
The Indian Cricket Board has incorporated strict guidelines in their 19-page 'Request For Proposals' (RFP) from interested companies.
Obama and his wife Michelle are enjoying their new-found freedom holidaying in the British Virgin Islands with British billionaire Sir Richard Branson. Sir Richard posted an online blog showing pictures and video of the former president kitesurfing at his private island.
The ED had filed six cases in the Additional Chief Metropolitan Magistrate (Economic Offences Court-I) which had discharged the duo in two cases in 2015 and directed them to face the trial in other cases.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
We're back with the fourth and final installment of the line up of Miss Universe 2016 contestants.
Branson was cycling with his two children on the British Virgin Islands when he hit a hump in the road.
Corporate ministry documents show that the Siva's firm kept taking loans from public sector banks like State Bank of India, Punjab National Bank which gradually turned to bad loans.
Karnataka HC seeks probe into fund diversion by United Spirits.
'It is surprising and unfortunate that unfounded allegations are now being made without any reference to me whatsoever,' Vijay Mallya said.
Officials said the agency had issued a notice to Karti to present himself in person or through an authorised representative and submit personal financial documents and those related to a firm this week.
The NCP leader said that he will be happy to cooperate with the ED so that the agency understands the "complexities" of the aviation sector.
When contacted, Raninder said said he has nothing to hide and was willing to cooperate on the issue.
The note guides taxman to avoid seeking voluminous details.
Paramount Airlines had started its operations in 2005 and was flying to southern and eastern parts of India before it wound up 2010.
He also invited all politicians accusing him and his family to present evidence of any financial wrongdoing before the judicial commission.
Becoming the first casualty of the Panama Papers scandale, Iceland's Prime Minister Sigmundur David Gunnlaugsson resigned on Tuesday.
He also claimed that even the news report had not suggested any wrongdoing on his part.
Formula One world championship leader Nico Rosberg's contract with the Mercedes team has shown up in the Panama Papers, leaked documents which reveal offshore financial dealings, German broadcaster ARD reported on Monday.
Three deaths have been reported and there are fears of more fatalities.
Though India's airlines are certainly bleeding, they haven't yet faced the ignominy of shutting down.
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
Who is the hottest of them all? Vote for your favourite Miss Universe 2015 contestant!
News of all that's transpired on and off the football field
The evacuation of coastal areas of Florida and neighboring Georgia was the biggest seen in the US in a dozen years.
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