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Tinker, tailor, solder, buy: What Budget can do for Modi's $5 trn

For perspective, it took us nearly a decade to go from about $1 trillion to $3 trillion.

FDI in India

Jan 22, 2020, 01.49 PM IST

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FDI IN INDIA

Here’s what will decide if FIIs will stay put in Indian equities in 2020

Foreign institutional investors poured Rs 99,963 crore into Indian equities during 2019.

Govt plans new law to protect foreign investment

Foreign investors have highlighted the enforcement of contracts as one of their biggest conc...

Govt approves ordinance to remove end user restrictions, boost FDI in coal mining

The government proposes to kick-start commercial coal minin...

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  • NITI Aayog CEO said that India's process of urbanisation & using technology to leapfrog has just begun.

    P&G is currently testing the beta version of the site and the products are sold and the supply chain managed by its Kolkata-based distributor BG Distributor. The website pgshop.in will go live in the next one month or so, said another person familiar with the development. P&G expects to use the learnings from the exercise the “distributor has undertaken.”

    The Supreme Court also allowed the ED to take into custody the defunct group's CMD, Anil Kumar Sharma, and two other directors, Shiv Priya and Ajay Kumar, who are behind bars on the top court's order, for interrogation as regards alleged money-laundering offences.

    A comprehensive review has been undertaken to assess the control over various infrastructures at strategic locations and border areas of the country, according to sources. Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise.

    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.

    Amazon CEO Jeff Bezos, who is on a visit to India, said on Wednesday that Amazon will invest another $1 billion in the country to help small and medium businesses sell their products, seen as an attempt to bridge differences with brick-and-mortar retailers. The amount adds to the $5 billion Amazon has pumped into India since 2013.

    Here’s breaking down the pre-market actions.

    To increase the flow of foreign funds, govt may ease restrictions on FDI by JVs or WOS of an Indian company.

    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”.

    "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.

    Addressing media after the 7th India-US Economic and Financial Partnership meeting here, US Treasury Secretary Steven Mnuchin said both the countries are working together to promote growth and improve economic security. Mnuchin said that the US welcomes the growing bilateral foreign direct investment flows between countries.

    Drawing from the experience in Gujarat, DPIIT & Invest India have joined hands to put in place a new mechanism aimed at attracting investors, many of whom have in the past complained of a plethora of clearances holding up their plans, officials said.

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