Page 28 - Latest Updates on FDI
Govt approves raising FDI in Bharti Airtel to 100% from 49% allowed earlier
The approval comes just days before the company has to clear statutory liabilities of up to nearly Rs 35,586 cr, of which Rs 21,682 cr is licence fee and another Rs 13,904.01 cr is spectrum dues
 "Govt approves raising FDI in Bharti Airtel to 100% from 49% allowed earlier")
India among top 10 FDI recipients, attracts $49 bn inflows in 2019: UN
The FDI flows to developed countries remained at a historically low level, decreasing by a further 6 per cent to an estimated $643 billion
 "India among top 10 FDI recipients, attracts $49 bn inflows in 2019: UN")
Shekhar Gupta: Return of the Bharatiya 'Baniya' Party
BJP under Modi-Shah is returning to its trader mindset with a vengeance, underlining that strong, full majority governments can also be more risk-averse
DPIIT to examine FDI compliance in e-commerce by Uber Eats, Faasos
The meeting, which took place on Tuesday, was also attended by representatives of the National Restaurant Association of India (NRAI)
 "DPIIT to examine FDI compliance in e-commerce by Uber Eats, Faasos")
Odisha's FDI equity inflows surge 330% to $43 million in H1FY20
FDI equity inflows in Gujarat more than doubled from $1.5 billion in H1 FY19 to $3.5 billion in H1 FY20
 "Odisha's FDI equity inflows surge 330% to $43 million in H1FY20")
Year in Review: Jet collapse to NBFC mess, biggest business news of 2019
With 2019 drawing to a close, Business Standard looks at the biggest news developments from the world of business that shaped the year
FDI rises 15% during Apr-Sep to $26 bn; services attract most investments
FDI is important as the country requires major investments to overhaul its infrastructure sector to boost growth
 "FDI rises 15% during Apr-Sep to $26 bn; services attract most investments")
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")