Page 23 - Latest Updates on FDI
FDI up 16% to $27.1 bn in Apr-Aug compared to $23.35 bn year ago: Govt data
The ministry said that the total FDI, which includes reinvested earnings, grew by 13 per cent to $35.73 billion
 "FDI up 16% to $27.1 bn in Apr-Aug compared to $23.35 bn year ago: Govt data")
Digital media, news agencies need to comply with 26% FDI cap: Govt
News aggregators, news agencies which supply information to digital media firms and companies uploading news and current affairs on websites will have to comply with the 26% foreign investment cap
Vedanta's failed delisting triggers debate on FDI tag, limited disclosure
Officials said the assumption that Vedanta's delisting would have been successful at a price of Rs 140 was "completely misplaced
 "Vedanta's failed delisting triggers debate on FDI tag, limited disclosure")
67% MNCs see India among top choices for FDI, says CII-EY survey
Respondents cite country's market potential, skilled workforce and political stability as three key factors, along with cheap labour, policy reforms and availability of raw materialsIndia has emerged
 "67% MNCs see India among top choices for FDI, says CII-EY survey")
RBI's stand on FDI from Mauritius to slow down PE inflows in NBFCs
Some $1-1.5 billion annual inflows in NBFC space likely to be impacted with RBI move
 "RBI's stand on FDI from Mauritius to slow down PE inflows in NBFCs")
Singapore topples Mauritius in FPI race aided by growth in equity assets
String of regulatory setbacks have hurt Mauritius in the past two years
Govt's decision on FDI in defence to enhance self-reliance in sector: Goyal
The government's decision to ease FDI norms in the defence sector will push self-reliance in production and keep national interests and security paramount, Piyush Goyal said
 "Govt's decision on FDI in defence to enhance self-reliance in sector: Goyal")
Govt permits up to 74% FDI under automatic route in defence sector
The government has permitted FDI of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT
 "Govt permits up to 74% FDI under automatic route in defence sector")
Over 1,600 firms got $1 bn FDI from China during Apr 2016-Mar 2020: Govt
The automobile industry received the maximum FDI from China at $172 million
 "Over 1,600 firms got $1 bn FDI from China during Apr 2016-Mar 2020: Govt")
India received $20 billion in FDI during Covid-19 pandemic: FS Shringla
India has received over $20 billion in FDI amid the pandemic, Foreign Secretary Harsh Vardhan Shringla said, showcasing the country as one of the most attractive destinations for investment globally
 "India received $20 billion in FDI during Covid-19 pandemic: FS Shringla")
India needs to look at ESG factors to attract major FDI investment: Aghi
The investment pool around the world is estimated to be about USD 45 trillion, of this USD 12 trillion comes under ESG
 "India needs to look at ESG factors to attract major FDI investment: Aghi")
DPIIT calls for inter-ministerial meet on royalty payments on Aug 25
Officials from commerce department, Reserve Bank of India and revenue department are expected to participate
 "DPIIT calls for inter-ministerial meet on royalty payments on Aug 25")
India blocks firms from China, other neighbours in commercial coal auction
Coal ministry issues press note citing an amendment made to the FDI Policy in April.
 "India blocks firms from China, other neighbours in commercial coal auction")
Govt taking steps to attract FDI in infra to address cash crunch: Gadkari
The Road Transport, Highways and MSME minister also said that talks are on with various pension funds, insurance funds and financial institutions.
 "Govt taking steps to attract FDI in infra to address cash crunch: Gadkari")
Economy to rebound in second half of 2020 as Covid-19 recedes: IHS Markit
As lockdown conditions have been progressively eased, early signs of recovery were evident in the most recent economic data
 "Economy to rebound in second half of 2020 as Covid-19 recedes: IHS Markit")
India best destination for foreign investment in MSMEs, NBFCs: Gadkari
The minister called India as the most favourable destination for foreign investment and urged foreign investors to reap rich dividends by investing in the country's infra, MSMEs, banks, NBFCs
Growing confidence in Indian companies, US FDI crosses $40 bn: Report
Year to date investment from the US, including the recent ones, is over $40 billion
Best of BS Opinion: A tale of two taxes, India's FDI flows, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: A tale of two taxes, India's FDI flows, and more")
Remove contradictions
FDI clarity is welcome but messaging on trade isn't
Google CEO Sundar Pichai has a virtual meeting with PM Modi
The talks mainly focused on attracting FDI into India and the role of technology giants in turning around the economy
 "Google CEO Sundar Pichai has a virtual meeting with PM Modi")