Page 24 - Latest Updates on FDI
Coal workers' strike: Trade unions to decide on future course of action
Tapan Sen, general secretary of the Centre of Indian Trade Unions (CITU), said that in comparison to the previous two days, more workers have joined the strike on Saturday
 "Coal workers' strike: Trade unions to decide on future course of action")
Coal India unions on 3-day strike to protest against commercial mining, FDI
The workers are protesting against commercial mining and the FDI in the coal sector which was implemented last year by the central government
 "Coal India unions on 3-day strike to protest against commercial mining, FDI")
Foreign exchange reserves up by $64.9 bn in FY20; FDI inflow at $43 bn: RBI
The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a loss of $8.3 billion during 2018-19
 "Foreign exchange reserves up by $64.9 bn in FY20; FDI inflow at $43 bn: RBI")
Investment pipeline charts a different course on its way to India
Old favourites Singapore and Mauritius slowly giving way to funds from Cayman Islands and British Virgin Islands, whose flows into into the country have grown 267% and 469%, respectively
 "Investment pipeline charts a different course on its way to India")
Protracted litigation sets bad precedent, says Bid Services' Rory Mackey
In a Q&A, Rory Mackey, says India's long-drawn litigious process could impact one of its key infra assets and doesn't set a good precedent for the country as the preferred FDI
 "Protracted litigation sets bad precedent, says Bid Services' Rory Mackey")
Mamata opposes 100% FDI in coal sector, asks PM to reconsider decision
Coal India is of the view that as foreign companies enter India and start domestic production, it will help in reducing imports.
 "Mamata opposes 100% FDI in coal sector, asks PM to reconsider decision")
Mamata wants Modi to reconsider decision allowing 100% FDI in coal mining
Expressing reservations about the central govt allowing 100% FDI in the coal sector, Banerjee has written to Prime Minister Narendra Modi requesting him to reconsider the decision
Facebook seeks legal advice on $5.7-billion investment in Jio Platforms
Social media giant has some investors from China, wants clarity on beneficial ownership norms
 "Facebook seeks legal advice on $5.7-billion investment in Jio Platforms")
Border backlash: India may put on hold FDI proposals of 6 Chinese firms
Home Ministry received more than 20 proposals for foreign direct investment, including from China and Hong Kong, requiring security clearance between April and May.
 "Border backlash: India may put on hold FDI proposals of 6 Chinese firms")
Top headlines: RBI calls for stress testing; China's Vivo may exit IPL
From putting Chinese FDI on hold to India Inc working to conserve cash to offset Covid impact, here are top headlines this morning
 "Top headlines: RBI calls for stress testing; China's Vivo may exit IPL")
Ladakh standoff: FinMin proposes restrictions on FDI in pension funds
The restriction would be applicable from the date of notification by the Government of India
 "Ladakh standoff: FinMin proposes restrictions on FDI in pension funds")
Govt's ambition of attracting foreign money hits turbulence amid Covid-19
It is unfortunate timing, coming just months after Indian policy makers embarked on a fresh drive to open the country's bond markets to global investors, but adds to a list of issues stacking up
 "Govt's ambition of attracting foreign money hits turbulence amid Covid-19")
Needed: A fresh look at the services sector
A post Covid-19 foreign trade policy must be cognisant of the evolving opportunities and challenges in services trade and must prepare domestic policies and capacity accordingly
Marred by Covid-19, global FDI flows likely to plunge 40% in 2020: UNCTAD
The pandemic is a supply, demand and policy shock for FDI. The lockdown measures are slowing down existing investment projects
 "Marred by Covid-19, global FDI flows likely to plunge 40% in 2020: UNCTAD")
155 Indian companies account for $22 billion FDI in US: CII survey
Over next 5 years, 77 per cent of firms looking to ramp up investments, 83 per cent to hire more
 "155 Indian companies account for $22 billion FDI in US: CII survey")
World coronavirus dispatch: Foreign direct investment to plunge 40%
Richest soccer league is back, Oscars delayed until April, and Travis Perkins to slash 2,500 jobs
 "World coronavirus dispatch: Foreign direct investment to plunge 40%")
India ninth-largest recipient of FDI in 2019 with $51 billion: UN
The World Investment Report 2020 by the UNCTAD said that India was the 9th largest recipient of FDI in 2019, with $51 billion dollars of inflows during the year
 "India ninth-largest recipient of FDI in 2019 with $51 billion: UN")
Clarity for FDI
Govt must follow up on its restrictions on investment from China
Statsguru: FDI inflows revive in FY20, but face Covid-19 test in FY21
Not only the FDI at $49.9 billion was record high witnessed by India so far, it also recorded growth after 1% fall in the previous year
 "Statsguru: FDI inflows revive in FY20, but face Covid-19 test in FY21")
RBI seeks clarity from govt on Taiwan's foreign direct investment status
The political and legal status of Taiwan is a contentious issue, with China seeing Taiwan as a breakaway province that will eventually be part of the country again
 "RBI seeks clarity from govt on Taiwan's foreign direct investment status")