SEARCHED FOR:FOREIGN DIRECT INVESTMENT
Firms from countries sharing land border with India can't bid for govt contracts
The move largely directed at Chinese companies makes prior registration with Competent Authority mandatory for any bidder from these countries before they apply for any government contract. The department of expenditure has amended the General Financial Rules 2017 "to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence and national security", an official statement said.
Ray of hope for realtors: Govt may allow 100% FDI in completed housing projects
India currently allows 100% FDI through the automatic route i...
Mining, FDI reforms in the offing, says Piyush Goyal
"We will simplify processes and make it easier to do business here,” Piyush Goyal said.
Govt's stimulus package has preserved macro stability: KKR India head
Speaking at the India Global Week 2020, Nayar expressed hope that large private sector players would contribute to economic recovery along with the government.
View: While rebooting the economy let the focus be on sustainability
Pollution and greenhouse gas emissions fell across continents earlier this year, as countries tried to contain the spread of Covid-19 with strict lockdowns.
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.
View: Time to shift focus from disinvestment to investments
Public sector undertakings (PSUs) have played an important role in shaping the economy. The disinvestment route has always been cautiously used by governments to bridge the fiscal deficit through the sale of non-strategic or loss-making assets.
Centre says it may not be able to pay GST dues to states due to Covid-induced slump
The issue of GST compensation was raised by Opposition members of the standing committee on finance that met on Tuesday to deliberate on 'Financing the innovation ecosystem and India's growth companies'. The Opposition members also sought a discussion on the state of the economy.
High level empowered group of secretaries to chalk out investment plan, promote Make in India
The group will “provide support and facilitation to investors for investing in India and to boost growth in key sectors of the economy” and “create an investment-friendly and business-conducive ecosystem to drive investment growth in India”.
Indian economy set for post-COVID-19 rebound as FDI remains buoyant: IHS Markit
"The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a recession in the 2020-21 financial year with GDP expected to contract by 6.3 per cent year-on-year," IHS Markit said in its outlook on the Indian economy.
We have a 40,000 target for Sensex if all goes well: Morgan Stanley
We have an equalweight rating on India, but we see more chances of upside in case of China and Korea
Industry calls for 100% automatic FDI in satellites
All FDI proposals in the satellites space are currently screened by the Department of Space (DoS) and its internal panel, the Committee for Authorisation of Indian Satellite Systems, a scenario that has held up big-ticket FDI proposals for years, say experts.
India Inc's foreign direct investment dips 62 pc to USD 976 mn in April
Domestic firms had invested nearly USD 2.56 billion in their joint ventures/wholly-owned subsidiaries during April 2019, according to the RBI data on Outward Foreign Direct Investment. Indian firms had invested USD 2.70 billion in overseas businesses in March 2020.
Renew Power plans to double power generation capacity to 20,000 megawatts in five years
Renew Power, India’s largest clean energy firm, plans to double its portfolio of running plants and projects under implementation to 20,000 MW in five years, an ambitious growth plan that has cheered its major investor Goldman Sachs.
DPIIT to soon approach Cabinet for 74 pc FDI through auto route in Defence :Sources
The decision to permit 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.