Page 13 - Latest Updates on FDI
Downside risks to growth persist
The odds of soft-landing have increased with inflation moving closer to the target and growth holding up better than expected in major advanced and emerging market economies
 "Downside risks to growth persist")
Govt reviewing FDI flow from China in Paytm Payments Services: Report
One97 Communications Ltd has investment from Chinese firm Ant Group Co
 "Govt reviewing FDI flow from China in Paytm Payments Services: Report")
Rs 5,077 crore FDI reported by companies operating in defence sector: Govt
The defence industry sector was opened up in May 2001 for private sector participation, Defence Ajay Bhatt said
 "Rs 5,077 crore FDI reported by companies operating in defence sector: Govt")
India continues to be preferred destination for FDI, says Piyush Goyal
'The material factor is that it (FDI) continues to come in. Very often when you see a very rapid growth on any statistic, you need some time for it to cool down also,' he said
 "India continues to be preferred destination for FDI, says Piyush Goyal")
It is for RBI to deal with Paytm issue, says Financial Services Secy Joshi
He also said that Paytm Payments Bank Ltd (PPBL) is a small financial entity and there are no systemic stability concerns
 "It is for RBI to deal with Paytm issue, says Financial Services Secy Joshi")
Padma Bhushan for Young Liu embodies how Foxconn has grown roots in India
But to flower further, it may need to reduce dependence on Apple Inc
 "Padma Bhushan for Young Liu embodies how Foxconn has grown roots in India")
Ikea looks at investment in India after fulfilling Rs 10,500-cr promise
Currently, Ikea is operating stores in Hyderabad, Mumbai and Bengaluru and is investing around Rs 7,000 crore to enter the National Capital Region with two stores in Gurugram and Noida
 "Ikea looks at investment in India after fulfilling Rs 10,500-cr promise")
Interim Budget: A path of fiscal prudence towards Viksit Bharat by 2047
The government has outlined a vision for Viksit Bharat by 2047, with GDP being given a new connotation of 'Governance, Development and Performance'
 "Interim Budget: A path of fiscal prudence towards Viksit Bharat by 2047")
Space industry seeks liberal FDI policy, PLI scheme in Union Budget
ISpA also demanded a PLI scheme for space-grade components along the lines of a similar scheme for drones
 "Space industry seeks liberal FDI policy, PLI scheme in Union Budget")
Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data
This decline was primarily due to a fall in global inflows and an increase in the repatriation of equity capital
 "Net FDI in India down to $ 13.54 billion in Apr-Nov 2023, shows RBI data")
Sebi may allow AIFs to 'exclude' investors from certain investments
Proposal will help address concerns about evergreening of loans
 "Sebi may allow AIFs to 'exclude' investors from certain investments")
Reconfiguration of global trade and FDI
Third globalisation has seen slow but profound changes
 "Reconfiguration of global trade and FDI")
India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw
Foreign investors have bet big on India since Modi came to power in 2014, with the likes of Apple, Samsung, Kia, and Airbus expanding operations
 "India eyes $100 bn annual FDI in coming years: IT minister Vaishnaw")
Africa's biggest insurer Sanlam banks on India as its home market reels
India's $3.4 trillion economy is expanding almost five times quicker than Sanlam's home market, with the World Bank forecasting 6.4% growth this year
 "Africa's biggest insurer Sanlam banks on India as its home market reels")
Davos 2024: India on cusp of FDI flood, says Bajaj Finserv's Sanjiv Bajaj
'Ten years of this growth we have seen, at least another five years of a strong majority government will end up institutionalising those policies to a fair extent,' Bajaj said in an interview in Davos
 "Davos 2024: India on cusp of FDI flood, says Bajaj Finserv's Sanjiv Bajaj")
Supreme Court to hear stayed ruling on tax residency certificates in March
The Delhi High Court had in January 2023 said that TRC is sufficient for a foreign investor's claim to pay zero or lower tax under treaties between India and foreign jurisdictions
 "Supreme Court to hear stayed ruling on tax residency certificates in March")
India's outward FDI nosedives to $2.25 billion in December: RBI data
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
 "India's outward FDI nosedives to $2.25 billion in December: RBI data")
Outgrowing Apple
India must approach its industrial policy with a lighter and practical, reform-oriented touch instead of trying to deal with individual companies like Apple or Tesla
 "Outgrowing Apple")
Tamil Nadu govt's 3rd Global Investors Meet set to begin on January 7
A host of representatives from several multinational companies, over 450 international delegates, and representatives from 50 countries are expected to attend the two-day event
 "Tamil Nadu govt's 3rd Global Investors Meet set to begin on January 7")
'Vibrant Gujarat summits helped state get $55 bn FDI in two decades'
The Vibrant Gujarat Global Summit (VGGS) has grown in tandem with the state economy, and since its humble beginning, it proved to be a gateway for foreign investment in state, industry leaders said