FDI limit in insurance companies may rise to 74%
The govt may raise the FDI limit in insurance to 74% in the February budget, up from the present 49%.
Market Movers: What changed for D-Street while you were sleeping
Here’s breaking down the pre-market actions.
Modi government taking several steps to incentivise renewable energy sector: R. K. Singh
The government is facilitating developers by allowin...
From a 10-year view, Indian stocks better than US ones: Chris Wood
Wood said the government has the political will to do PSU divestments
Govt mulls curbs on foreign firms in ‘strategic areas’
While the idea is to look at all overseas players, the focus is on firms from countries such as China, which are seen to be sensitive. The talks for a set of possible restrictions come at a time when the Centre is weighing the option of allowing Chinese telecom major Huawei to participate in 5G trials.
What all the government is doing to improve the generation of solar energy in the country; here’s a round-up
Distribution licensees would be notified about standard bidding guidelines to aid them in procuring solar and wind power at competitive rates in a cost-effective and transparent way.
Divestment of Air India, BPCL not in national interest: Swadeshi Jagran Manch
The economic unit of RSS said the move to divest companies such as Air India, BSNL and BPCL was “opposed to national interest and prone to being misused by corrupt officials to benefit special business houses”.
Bharti Telecom seeks Rs 4,900 crore FDI nod; infusion to make Airtel foreign firm
Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 %.
Annual deadline for ecommerce's FDI compliance check: September 30
Sept 30 every year is the deadline for ecomm firms to ready their annual compliance reports as per FDI norms.
Govt on track to make India $5 trillion economy by '24: Misra
"On the economic front in particular, the prime minister has set a goal of becoming a five trillion dollar economy by 2024. While this is an ambitious aspiration, we are on track and fully committed to the same," said Principal Secretary to the Prime Minister Pramod Kumar Misra.
Govt asks e-commerce firms to file FDI compliance report annually
"Against Sl. No. 15.2.3, for entry (p), the following entry shall be substituted, namely-(p) e-commerce marketplace entity with FDI shall have to obtain and maintain a report of statutory auditor by 30th of September every year for the preceding financial year confirming compliance of the e-commerce guidelines," the gazatte notification said
Govt asks Snapdeal, Paytm Mall to give business details
The government had last month asked top two e-commerce firms Flipkart and Amazon to share details of their top five sellers and total business quantum for each seller, variations of commission agreements they have with various sellers, and how investments from their parents are disbursed.
New norms to ease restrictions on FDI by joint ventures of Indian companies
To increase the flow of foreign funds, govt may ease restrictions on FDI by JVs or WOS of an Indian company.
Reform push to labour laws, green nod will spur investment: Piyush Goyal
The government has made upfront released Rs 70,000 crore to state-run banks and made additional provision for lending and liquidity of Rs 5 lakh crore to increase credit flow to industries, said Goyal. He said while global growth is forecast at 3% for 2019, India continues to grow faster than the rest of the world.
Retailers, services more open to hiring apprentices: Report
"The government has taken multiple initiatives like easing FDI norms, to boost retail sector, which have led to an increase in retail activity by way of expansion of local chains and malls. The only way to create workforce for this industry is through apprenticeship," TeamLease Skill University said in the report.
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