Page 20 - Latest Updates on FDI
LIC IPO: Govt may not need to amend any law to permit foreign participation
Foreign participation would be allowed as per the listing norms of the Securities and Exchange Board of India (SEBI) and the extant sectoral FDI guidelines
 "LIC IPO: Govt may not need to amend any law to permit foreign participation")
DPIIT notifies 100% FDI in telecom sector via automatic route
The government on Tuesday notified its decision to permit 100 per cent FDI under automatic route in the telecom services sector.
 "DPIIT notifies 100% FDI in telecom sector via automatic route")
Cabinet allows 100% FDI in telecom sector via automatic route: Vaishnaw
Vaishnav said nine structural reforms for the telecom sector were approved
India needs $8 trn in greenfield assets to become $5 trn economy: Deloitte
Says country can aim to attract greater FDI into seven capital-intensive sectors that have contributed $181 billion of merchandise exports in FY21
 "India needs $8 trn in greenfield assets to become $5 trn economy: Deloitte")
Need assurance from India on investment protection: UKIBC's Richard Heald
In a Q&A, UKIBC's group chair lists out three areas that need focus - tariff reduction in some sectors, removal of non-tariff barriers on goods, and aligning data protection rules
 "Need assurance from India on investment protection: UKIBC's Richard Heald")
India to revise FDI policy for space sector, says Isro chief Sivan
Presently, all FDI in the space sector has to be cleared by the government while the industry wants the investment under the automatic route.
 "India to revise FDI policy for space sector, says Isro chief Sivan")
Electric carmaker Tesla plans fully-owned retail outlets in India
Industry experts say that Tesla has been sourcing auto components from the country after signing up non-disclosure agreements
 "Electric carmaker Tesla plans fully-owned retail outlets in India")
FDI equity inflows up 168% to $17.57 bn during Q1FY22: Govt data
FDI into the country rose by more than twofold to $17.57 billion during April-June this fiscal on account of measures such as policy reforms, ease of doing business, an official statement said
 "FDI equity inflows up 168% to $17.57 bn during Q1FY22: Govt data")
Latest FDI rules force Yahoo to shut down news websites in India
Yahoo has shut down its news websites in India due the new foreign direct investment (FDI) rules that limit foreign ownership of media companies that operate and publish digital content in India
 "Latest FDI rules force Yahoo to shut down news websites in India")
CCEA approves Rs 15,000 crore FDI in Fairfax India's investment arm
Investment also includes transfer of shares of Bangalore International Airport Limited to Anchorage, and Rs 950 crore in the investment arm of Prem Watsa-owned Fairfax India by Ontario Inc
 "CCEA approves Rs 15,000 crore FDI in Fairfax India's investment arm")
Top headlines: Air India union gets its say; IPO bet starts paring for rich
Business Standard brings you the top headlines of the day
 "Top headlines: Air India union gets its say; IPO bet starts paring for rich")
Statsguru: FDI to literacy, 6 charts explain Afghanistan's economic woes
The country's gross domestic product (GDP) was lower in 2020 than in 2013
 "Statsguru: FDI to literacy, 6 charts explain Afghanistan's economic woes")
Reading down retro tax law gives govt opportunity to renew BIPA
Several law firms representing interests of companies abroad hope this will happen soon
 "Reading down retro tax law gives govt opportunity to renew BIPA")
Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc
Indian industry would import even if it helped them save just 10 paise in the finished cost of goods, and then lobby to avoid the levy of anti-dumping duties on such imports, Goyal said
 "Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc")
Govt permits 100% FDI in oil & gas PSUs approved for disinvestment
"The above decision will take effect from the date of FEMA notification," an official statement said
 "Govt permits 100% FDI in oil & gas PSUs approved for disinvestment")
FDI in food processing sector falls 57% to $393 million in FY21
During 2018-19, FDI in FPI sector stood at USD 628.24 million.
 "FDI in food processing sector falls 57% to $393 million in FY21")
Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale
Current FDI policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment
 "Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale")
DoT awaiting investors detail from Voda Idea for Rs 15k-cr FDI application
The Department of Telecom is awaiting the details of investors from Vodafone Idea for clearing the telco's Rs 15,000 crore foreign direct investment proposal, an official source said on Thursday.
 "DoT awaiting investors detail from Voda Idea for Rs 15k-cr FDI application")
UK yeast maker AB Mauri to set up Rs 1,100 cr unit in Pilibhit, UP
State has allotted 257 acres to MNC, project likely to create 5,000 jobs
Govt to soon issue 'clarification' on FDI in e-commerce: Piyush Goyal
Minister rules out amendments; development follows complaints that some e-commerce behemoths have been flouting the policy rolled out by govt
 "Govt to soon issue 'clarification' on FDI in e-commerce: Piyush Goyal")