Question

What is the significance of the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2024, in the context of Indian companies listed on stock exchanges in IFSCs?

A It introduces taxation on cross-border transactions
B It allows direct listing of Indian companies on international stock exchanges in IFSCs
C It provides tax exemptions to foreign investors
D It regulates the issuance of bonds in foreign currencies
E It enables Indian companies to invest in global markets freely
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