Page 25 - Latest Updates on FDI
Cayman Islands now India's 10th largest source of foreign direct investment
Inflows have gone up from tax havens; corporate tax dodging worries DPIIT
 "Cayman Islands now India's 10th largest source of foreign direct investment")
Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient
Singapore continued to be largest source of FDI for India for second consecutive year
 "Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient")
Measures to attract FDI must be backed with proper infra: Ashok Leyland MD
Comment comes at a time when Centre and various State governments are aiming to attract companies looking at shifting their operations out of China
 "Measures to attract FDI must be backed with proper infra: Ashok Leyland MD")
India may set 10% beneficial ownership cap for FDI flowing from 7 countries
The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013
 "India may set 10% beneficial ownership cap for FDI flowing from 7 countries")
How merely a change of rule can draw more FDI in sectors like insurance
Despite the presence of 24 life insurance companies and 34 non-life companies, the needle of insurance penetration in the country has hardly moved over the years
 "How merely a change of rule can draw more FDI in sectors like insurance")
Modi meets 3 cabinet ministers to get investments, lift economy in lockdown
Modi held a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Commerce & Industry Minister Piyush Goyal and officials to discuss strategies to woo investors
 "Modi meets 3 cabinet ministers to get investments, lift economy in lockdown")
Hong Kong may come under new FDI rules; custodians to seek clarity
A few days back, the Finance Ministry had notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India
 "Hong Kong may come under new FDI rules; custodians to seek clarity")
The rise of discretion
Recent decisions in the wake of Covid-19 have hurt India's FDI policy
No hostile takeover of Indian firms: New FDI guidelines come into effect
The updated FEMA Rules came into effect from Thursday midnight
 "No hostile takeover of Indian firms: New FDI guidelines come into effect")
FDI policy changes to impact investments from China amid Covid-19 lockdown
This is also expected to reduce the inflow of investments in new companies as well as the merger and acquisition scenario in the country
 "FDI policy changes to impact investments from China amid Covid-19 lockdown")
Ending opportunism
Govt right to crack down on strategic investments from China
Protecting crown jewels
India has done well to follow in the footsteps of Germany, France and Australia among others by introducing provisions to safeguard its businesses
China slams India's move to scrutinise FDI, calls it discriminatory
New Delhi effectively closed on Saturday the "automatic route" of investing for Chinese firms and individuals.
 "China slams India's move to scrutinise FDI, calls it discriminatory")
India's new FDI policy is discriminatory and against free trade: China
India's move was attributed to the rising possibility of "opportunistic takeovers" of its companies by those in neighbouring nations, as the coronavirus pandemic wreaks havoc on the economy
 "India's new FDI policy is discriminatory and against free trade: China")
Sebi may scan Cayman, Singapore investment hubs for Chinese links
Investment hubs to see greater scrutiny for identification of end-beneficiaries
 "Sebi may scan Cayman, Singapore investment hubs for Chinese links")
Best of BS Opinion: Global financial system, coronavirus outbreak, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Global financial system, coronavirus outbreak, and more")
DPIIT, Finance Ministry locked horns before tweak in FDI guidelines
Since the FDI notification was meant to restrict, than expand, the ambit of foreign investment, it was initially opposed by the finance ministry
Parliament panel expresses concerns over dip in manufacturing sector FDI
It recommended the commerce department to take concerted efforts to increase the share of manufacturing sector in FDI inflows.
 "Parliament panel expresses concerns over dip in manufacturing sector FDI")
Defence industry received $8.82 million FDI during Apr 2000- Dec 2019: Govt
In 2018-19, FDI in the sector was aggregated at $2.18 million, according to the data
 "Defence industry received $8.82 million FDI during Apr 2000- Dec 2019: Govt")
Cabinet likely to clear PSB merger, decriminalise sections of Companies Act
As many as 43 sections of Companies Act will be decriminalised through Cabinet approval
 "Cabinet likely to clear PSB merger, decriminalise sections of Companies Act")