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Global Trade Alert

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India: Reduced restrictions on overseas investments in the oil sector by certain public enterprises

Description

On 23 April 2013, the Reserve Bank of India (RBI) issued a notification amending the restrictions on overseas investments in the oil sector (for exploration and drilling for oil and natural gas, etc....

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

23 Apr 2013

Revocation date

No revocation date

Implementation level

National

Affected flow

Outward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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