Page 271 - DECO503_INTERNATIONAL_TRADE_AND_FINANCE_HINDI

bdkbZμ25% fons'kh izR;{k fuos'k% izdkj ,oa eqn~ns

uksV
?kjsyw ekax ij vk/kfjr Hkkjr dk fodkl ekWMy ns'k esa fons'kh fuos'kdksa dks vkd£"kr djus osQ ekeys esa
mRizsjd Hkwfedk fuHkk jgk gSA
Hkkjr esa izR;{k fons'kh fuos'k osQ fy, lgh ikap izeq[k LFkkuksa esa csaxywj] eqcabZ] psUubZ] ubZ fnYyh vkSj iq.ks
'kkfey gSA ;s 'kgj fuos'k ifj;kstukvksa dk 43 iQhlnh fgLlk viuh rjiQ [khaprsa gSa vkSj ;gka ij 34 iQhlnh
ukSdfj;ksa l`ftr gqbZA Hkkjr esa gksus okys oqQy ,iQMhvkbZ dk 26 iQhlnh bu 'kgjksa esa x;kA
losZ{k.k osQ eqrkfcd Hkkjr lk>h lsokvksa osQ fy, vxz.kh Hkwfedk esa jgk gS vkSj ;g dbZ fons'kh fuxeksa osQ
fy, rsth ls fofuekZ.k osaQnz osQ rkSj ij mHkj jgk gSA losZ{k.k esa Hkkx ysus okys 25 iQhlnh izfrHkkfx;ksa us
ekuk fd Hkkjr o"kZ 2020 rd nqfu;k osQ rhu cM+s fofuekZ.k osaQnzksa esa 'kkfey gksxkA

ljdkj us FDI lEcU/h izfØ;k dks vkSj mnkj cuk;k gSA fuoklh ls vfuoklh dks 'ks;j dk gLrkarj.k] bZlhch
(External Commercial Borrowing) dk bfDoVh esa ifjorZu vkSj 'k;jksa osQ u;s Issue osQ }kjk fons'kh bfDoVh
Hkkxhnkjh esa c<+ksrjh vkSj ojh;rk 'ks;jksa osQ bfDoVh esa ifjorZu dks Hkh ljdkjh :V dh ctk; Lor% ekxZ osQ vUrxZr
yk;k x;k gSA] c'krsZ bl rjg dk izLrko foÙkh; gksA fuos'k Lor% eatwjh ekxZ osQ vUrxZr vkrk gks lsch (SEBI)
fofue; 1997 ykxw u gksrs gksa] vkSj izLrko vf/lwfpr {ks=kiQy lhekvksa osQ nk;js esa gksA 4 vDrwcj 2004 ls fons'kh
lg;ksx (FC) eatwjh dh oS/rk c<+kus dh 'krZ Hkh lekIr dj nh x;h gSA
izko/kuksa osQ vuqlkj fons'kh fuos'k@rduhdh lg;ksx osQ u;s izLrkoksa dks vc Lor% eatwjh ekxZ osQ vUrxZr izLrqr
djus dh vuqefr gksxh] c'krsZ os {ks=kxr uhfr;ksa osQ v/hu gks vkSj fuEu fn'kk funsZ'kksa osQ vuq:i gks%
1- ljdkj dh iwoZ vuqefr osQoy ,sls ekeyksa esa vko';d gksxh tgka fons'kh fuos'kd leku {ks=k ls lEc¼
fdlh ekStwnk la;qDr m|e esa Hkkxhnkjh gksA
2- fons'kh fuos'kd ^leku* {ks=k esa la;qDr m|e fgLlsnkj gksus dh fLFkfr esa Hkh ljdkj dh iwoZ vuqefr visf{kr
ugha gksxh] c'krsZ fuos'k lsch }kjk iathÑr m|e iwath dks"k }kjk fd;k x;k gks] vFkok tgka ekStwnk la;qDr
m|e fuos'k fdlh Hkh i{k }kjk 30 izfr'kr ls de gks vFkok tgka ekStwnk m|e lg;ksx fu"iQy jgk gksA
fons'kh fuos'k dk;kZUo;u izkf/dj.k (Foreign Investment Implementation Authority-

FIIA)

FDI osQ vuqeksnuksa ij rRdky vey djus] fons'kh fuos'kdksa dh vko';d vuqeksnu izkIr djus esa enn osQ fy,
,d gh txg mÙkjorhZ ns[kHkky lsok,a iznku djus] ifjpkyu lEcU/h leL;kvksa dks lqy>kus vkSj fuos'kdksa dh
leL;kvksa osQ gy [kkstus osQ fy, fofHkUu ljdkjh ,tsafl;ksa ls lEioZQ djus gsrq okf.kT; rFkk m|ksx ea=kky; osQ
vkS|ksfxd uhfr rFkk lao¼Zu foHkkx esa fons'kh fuos'k dk;kZUo;u izkf/dj.k dh LFkkiuk dh x;hA

vkS|ksfxd uhfr rFkk lao¼Zu foHkkx es vkS|ksfxd lgk;rk lfpoky; izkf/dj.k osQ :i esa dk;Z
djrk gSA

,iQMhvkbZ uhfr ij ea=kky;ksa dk fojks/μ rhu izeq[k ea=kky;ksa us jk"Vªh; lqj{kk ifj"kn (,e,llh) osQ izLrko
ij xaHkhj ¯prk O;Dr dh gSA bl izLrko esa ifj"kn esa lqj{kk dkj.kksa ls pq¯unk lsDVjksa dh laosnu'khy lwph cukus
dks dgk gS] ftUgsa fons'kh izR;{k fuos'k (,iQMhvkbZ) osQ fy, Lor% eatwjh ls vyx j[kk tk,xkA lM+d ifjogu
,oa jktekxZ] fons'k ekeys vkSj jlk;u ,oa moZjd ls lac¼ ,u,llh izLrko fons'kh fuos'k osQ izokg ij foijhr
vlj Mky ldrk gSA

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