Government's decision on FDI in defence to enhance self-reliance in sector: Goyal
The permit for up to 74 per cent FDI in the defence manufacturing through the automatic route was announced by Finance Minister Nirmala Sitharaman in May while announcing the fourth tranche of the Rs 20 lakh crore stimulus package for the coronavirus-hit economy.
Govt permits up to 74% FDI under automatic route in defence sector
However, foreign investments in the defence sector would be subject to scr...
Covid impact: Q1 FDI inflows plummet 60% to $6.5 billion
Total foreign direct investment (FDI) into India in the first quarter of 2020-21 plu...
FDI inflow from China declines to USD 163.77 million in FY20: Anurag Thakur
With regard to outflow from India, Minister of State for Finance Anurag Singh Thakur said, it was USD 20.63 million in calendar year 2020 as against USD 27.57 million in the corresponding period last year. To curb opportunistic takeovers or acquisitions of Indian companies due to the current COVID-19 pandemic, the government issued Press Note 3 earlier this year, he said.
Over 1,600 Indian cos received USD 1 billion FDI from China during Apr 2016-Mar 2020: Govt data
These companies were in 46 sectors. Out of them, the automobile industry, printing of books (including litho printing industry), electronics, services and electrical equipment received more than USD 100 million FDI each from China during the said period.
Govt considering to permit FDI for LLPs in construction development
At present, FDI is permitted under the automatic route in LLPs that are operating in sectors where 100 per cent foreign direct investment is allowed through the automatic route and there are no FDI-linked performance conditions.
Fall in rankings: Karnataka may register protest to salvage investment image
Karnataka dropped to 17th position in the Ease of Doing Business ranking published by the Department for Promotion of Industry and Internal Trade from the eighth place earlier. The state came ninth in the first Export Preparedness Index (EPI) report - 2020, published by the Centre’s policy think tank Niti Aayog.
Chinese FDI proposals from Great Wall Motors, Foton await security clearance
“The objective of the national security clearance is to evaluate potential threats, visible or embedded, in proposals received by the home ministry and to provide a national risk assessment. As many as 175 such proposals are pending for approvals,” a senior government official said.
India needs to look at ESG factors to attract major FDI investment: Mukesh Aghi
The investment pool around the world is estimated to be about USD 45 trillion, of this USD 12 trillion comes under ESG, which is the environmental, social and governmental factors, according to Mukesh Aghi, president of US India Strategic and Partnership Forum (USISPF), an India-centric American business advocacy group.
S&P predicts India's GDP to contract 9% in FY21
India's GDP will experience a record contraction in FY21 due to the Covid crisis with some 'enduring' damage while a weakening fiscal position will constrain the government’s ability to support the economy.
FDI powers to RBI may cut processing time sharply, to improve ease of doing biz
In a notification dated July 27, the central government gave the RBI the powers to administer the FDI regime, which include allowing the central bank to interpret various rules and grant exemptions pertaining to FDI. The change could cut down the processing time for FDI applications to 5-6 weeks compared with 3-4 months currently, market participants say.
India may allow low threshold for beneficial owner under the new FDI rule
On April 18, India tightened its FDI policy for countries with which it shares a land border, putting investments from them on the approval route.
FDI in commercial mining: Govt nod needed for companies from nations sharing border with India
According to the Press Note 3 of 2020, an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the Government route.
Mining, FDI reforms in the offing, says Piyush Goyal
"We will simplify processes and make it easier to do business here,” Piyush Goyal said.
Reconsider decision allowing 100% FDI in coal mining: Mamata to PM Modi
Expressing reservations about the move, Banerjee in a letter to Modi on Thursday night said it would send "a wrong message...and would also kill the vision of self-reliant policy that we have been following since beginning".