Sage-Tips

Can IFS officer do stock market?

35(1) No Government servant shall speculate in any stock, share or other investment: Provided that nothing in this sub-rule shall apply to occasional investments made through stockbrokers or other persons duly authorized and licensed or who have obtained a certificate of registration under the relevant law.

Can a diplomat invest in stock market?

Foreign Institutional Investors (FIIs), Non-Resident Indians (NRIs), and Persons of Indian Origin (PIOs) are allowed to invest in the primary and secondary capital markets in India through the portfolio investment scheme (PIS).

Can a foreign national buy shares in India?

Can foreigners invest in Indian stocks? As for now, foreign individuals can not directly invest in the Indian stock market. Although individuals with a high net worth (at least $50 million) can register with SEBI as a Foreign Institutional Investor (FIIs).

Can Indians invest in other country stocks?

Portfolio Investment in overseas foreign stocks or bonds is permitted in case of resident Indians under the LRS of the RBI, wherein resident Indians are permitted to remit up to $250,000 per financial year for any permitted current or capital account transaction or a combination of both.

Can central government employees do stock trading?

As per CCS (Central Civil Services) conduct rules 1964, investments in shares, debentures and mutual funds can be made by the Government servant. There is no absolute ban on investing in stocks however speculative trading (may include derivative trading) is not allowed.

Can an NRI buy shares in India?

As an NRI, you can invest in stock markets after opening a Non-Resident External (NRE) Account with an RBI-approved bank. You can only have a single PIS Account for investing in stock markets.

Can non Indians buy stocks in India?

At present, India does not allow foreign individuals to invest directly in its stock market. However, high-net-worth individuals (those with a net worth of at least $50 million) can be registered as sub-accounts of an FII.

Can I buy Indian stocks from UK?

Yes, you can still invest in the Bombay Stock Exchange, and there are a number of direct and indirect ways to do so. For example, the largest company on the BSE, Reliance Industries, is also listed on the LSE, which means you can buy shares in it directly using your UK trading platform or broker.

Can Indians invest in the London Stock Exchange?

Yes, you can invest in foreign stocks from India. Global companies like Apple, Amazon, Microsoft, Google, Tesla, etc are listed on the US/ foreign stock exchanges and Indians can legally buy foreign stocks.

How to become an Indian Foreign Service (IFS) officer?

Indian Foreign Service (IFS) – Training for Probationary Officers. The candidates selected into Indian Foreign Service (IFS) cadre are provided training at Lal Bahadur Shastri National Academy of Administration (LBSNAA), Mussourie. The training would be for a period ranging from 3 months to 4 months.

What is it like to be an IFS officer?

Even in developing countries, IFS officers interact only with their counterparts in the host government, have comfortable housing, transport and pay, and have an interesting work profile. As for my postings, Paris was a regular posting that any trainee goes through for their CFL.

What is the job of later in IFS after SFL?

Later will be posted as a Third Secretary (Language Trainee) in an Indian mission abroad. Here, they are expected to learn CFL. Only after clearing a proficiency test conducted by the School of Foreign Languages (SFL), Ministry of Defence, will they be confirmed as an IFS officer.

What is the training for Indian Foreign Service (IFS) in Mussourie?

The candidates selected into Indian Foreign Service (IFS) cadre are provided training at Lal Bahadur Shastri National Academy of Administration (LBSNAA), Mussourie. The training would be for a period ranging from 3 months to 4 months.