Page 27 - Latest Updates on FDI
Irdai restores Reliance Capital's 100% shares in Reliance General Insurance
The regulator also said its prior approval was not taken for the transfer. The Irdai added that the unauthorised transfer also violates FDI regulations
 "Irdai restores Reliance Capital's 100% shares in Reliance General Insurance")
Key policy steps taken by NDA govt this year to revive a sagging economy
Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track
 "Key policy steps taken by NDA govt this year to revive a sagging economy")
DPIIT to soon issue clarification on 26% FDI in digital media sector
The DPIIT has already taken views of the Information and Broadcasting Ministry on the issue
 "DPIIT to soon issue clarification on 26% FDI in digital media sector")
General insurers want FDI raised to 74%, valuation remains a concern
Some even want 100% FDI; last week apex body General Insurance Council held meeting with members to discuss the issue of FDI
 "General insurers want FDI raised to 74%, valuation remains a concern")
Govt examining foreign fund flows in infra, telecom at sensitive locations
Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise
FDI at record levels, Rs 4.47 trillion sanctioned to NBFCs, HFCs: CEA
The CEA also pointed out the recent disinvestment decisions regarding PSU majors BPCL, CONCOR and SCI
 "FDI at record levels, Rs 4.47 trillion sanctioned to NBFCs, HFCs: CEA")
Sri Lanka looks to expand business, pitches for Indian investments
Exports from India to Sri Lanka reportedly rose from USD 600 million in 2001 to USD 4,495 million in 2018
 "Sri Lanka looks to expand business, pitches for Indian investments")
Tamil Nadu stays on upswing, rakes in Rs 19,083 cr investment in 10 months
After Palaniswami took over as chief minister in February 2017, cumulative foreign direct investment (FDI) rose by Rs 46,427 crore from Rs 133 trillion (April 2000 to March 2017) to Rs 180 trillion
 "Tamil Nadu stays on upswing, rakes in Rs 19,083 cr investment in 10 months")
Govt refuses to budge on FDI compliance by e-commerce companies
According to the notification by the finance ministry, e-commerce companies have to obtain statutory auditor report by September-end for the preceding financial year
 "Govt refuses to budge on FDI compliance by e-commerce companies")
Govt tells e-commerce companies to file FDI-compliance report annually
According to government sources, this decision will help in ensuring compliance of FDI policy in the e-commerce sector
 "Govt tells e-commerce companies to file FDI-compliance report annually")
Total FDI inflow into India increased by $62 bn in 2018-19, says govt
Goyal's response came in response to a question by Congress MP Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19
 "Total FDI inflow into India increased by $62 bn in 2018-19, says govt")
Govt exploring options to ease FDI norms to attract bidders for Air India
The government for long has been trying to sell debt-ridden Air India but could not attract bidders. It has now again decided to call bids for sale next month
7-Eleven tweaks convenience store format for India roll-out next year
Experts say the emphasis on eating out at 7-Eleven in India is linked in part to curbs on foreign direct investment in multi-brand retail in the country
 "7-Eleven tweaks convenience store format for India roll-out next year")
Odisha topples Maharashtra in attracting new investments in H1 FY20
Corners 18% of virgin investments drawn by all states, compare to Maharashtra's 16%
 "Odisha topples Maharashtra in attracting new investments in H1 FY20")
100% FDI in coal mining will help India to reach 300 MT target: Deloitte
In August, the government had allowed 100 per cent foreign investment in coal mining and contract manufacturing
 "100% FDI in coal mining will help India to reach 300 MT target: Deloitte")
Set up panel to look into allegations against Flipkart: CAIT to govt
In a statement, CAIT has levelled several allegations against Flipkart which include circumventing the law, causing huge GST and Income Tax revenue loss to the governmen, bypassing the FDI policy
 "Set up panel to look into allegations against Flipkart: CAIT to govt")
Centre prioritises coking coal contracts over foreign mine purchases
Company may at best consider picking up stakes in coking coal companies instead of going for an outright purchase
Govt to set up mega parks near ports to attract FDI: Textile secretary
Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks
 "Govt to set up mega parks near ports to attract FDI: Textile secretary")
Letter to BS: Govt needs to focus on increasing its revenue from GST
The government needs to focus on increasing the revenue on GST and help the retailers achieve a good margin.
 "Letter to BS: Govt needs to focus on increasing its revenue from GST")
Inter-ministerial group discusses possibility of further easing FDI norms
Under government route, foreign investor has to take prior approval of respective ministry/department
 "Inter-ministerial group discusses possibility of further easing FDI norms")