Page 26 - Latest Updates on FDI
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
 "Clarity for FDI")
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")
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
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")