RBI eases share transfer rules under FDI

Reserve Bank of India has eased rules regarding share transfers between Indians and non-resident investors,in a move to liberalize and rationalize policies governing foreign direct investments (FDI) in the country,it said in a statement.

Reserve Bank of India has now allowed transfer of shares between resident and non-resident investors under the foreign direct investment route without its prior permission with certain exceptions,it said.

In 2010/11 (April-March),FDI inflows into India had declined an annual 25 percent to $19.42 billion,while the inflows during the April-June quarter more than doubled to $13.44 billion compared to year-ago quarter.