Page 28 - Latest Updates on FDI
PM Modi invites global investors to benefit from India's start-up ecosystem
The Prime Minister reiterated his government's commitment to make India a $5 trillion economy by 2024
 "PM Modi invites global investors to benefit from India's start-up ecosystem")
India to invest $100 bn in refining, pipeline, gas terminals by 2024: PM
Prime Minister Narendra Modi is attending the Future Investment Initiative, dubbed 'Davos in the desert', in Saudi Arabia
 "India to invest $100 bn in refining, pipeline, gas terminals by 2024: PM")
Walmart CEO pens a letter to PM on data privacy, regulatory stability
He also appreciated the prime minister for listening to the retailer's concerns on regulatory stability and uniform implementation of regulations in the e-commerce and retail sectors
 "Walmart CEO pens a letter to PM on data privacy, regulatory stability")
Turmoil in the marketplace
FDI norms for e-commerce should be relaxed
 "Turmoil in the marketplace")
Opening up of commercial coal mining to 100% FDI unlikely to boost sector
Allowing 100% FDI in commercial coal mining doesn't augur well for the sector at a time when global capital is fleeing coal
 "Opening up of commercial coal mining to 100% FDI unlikely to boost sector")
Trying to negotiate with CIL workers; things to normalise soon: Prahlad
Last week, the trade unions had declined to attend a meeting with Joshi to discuss their demand of withdrawing 100 per cent FDI in coal mining
Coal India workers strike against 100% FDI; production, dispatch halted
Coal India is likely to lose around 1.5 million tonne of production due to the stir
 "Coal India workers strike against 100% FDI; production, dispatch halted")
India Inc hails tax cuts, says move will boost investments, spur demand
MNCs may relocate new factories to India as tax cut to 15% for new factories
 "India Inc hails tax cuts, says move will boost investments, spur demand")
Top 10 biz headlines: GST rates for 5-star hotels, oil crisis, and more
From rationalising GST rates for 5-star hotels to FDI in coal mining, here are the top 10 business headlines on Wednesday
 "Top 10 biz headlines: GST rates for 5-star hotels, oil crisis, and more")
IMF's 'Phantom FDI' destinations and the India connection
IMF study says investments in empty corporate shells in these nations by companies' hints at tax evasion
 "IMF's 'Phantom FDI' destinations and the India connection")
Unhappy over 100% FDI in coal mining, workers to go on strike on Sept 24
A day's strike can affect Coal India's production in the range of 1.5-2.5 million tonne
 "Unhappy over 100% FDI in coal mining, workers to go on strike on Sept 24")
FDI grows 28% to $16.33 bn in Q1 FY20; Singapore largest source: Govt data
Recently, the government relaxed foreign investment norms in sectors such as single-brand retail trading, coal mining and contract manufacturing
 "FDI grows 28% to $16.33 bn in Q1 FY20; Singapore largest source: Govt data")
Coal India gets jittery over 100% FDI, commercial mining in sector
Company officials are of the view that with these two developments, its largest consumer, NTPC may develop its own coal mining capabilities which in turn will result in reduced demand from it
 "Coal India gets jittery over 100% FDI, commercial mining in sector")
FDI reforms in single-brand retail a win-win for global firms: Deloitte
The move would also give a boost to the pillars of the Indian retail industry, says Deloitte
 "FDI reforms in single-brand retail a win-win for global firms: Deloitte")
A positive move
FDI policy should be supplemented with wider reforms
Best of BS Opinion: Seeking foreign partners, easing FDI norms and more
The most successful Indian firms are seeking out foreign partners, but this time the deals are qualitatively different
New FDI norms: Govt plans mega meet to fast-track Make in India
Telecom and IT minister Ravi Shankar Prasad has invited all stakeholders in the handset industry for a meeting next month to clear any doubts on the contract manufacturing policy, says sources
 "New FDI norms: Govt plans mega meet to fast-track Make in India")
Letters to BS: 100% FDI in commercial mining is good, executing it is key
The government failed to open the industry to competition, despite liberalisation of the economy years ago
Letters to BS: Cabinet's move to increase FDI could be a game-changer
The big stimulus could also help to considerably ease trade tensions between India and the US
 "Letters to BS: Cabinet's move to increase FDI could be a game-changer")
FDI norms eased for single brand retail, digital media, manufacturing
Exports to be factored in to meet 30% domestic sourcing norm
 "FDI norms eased for single brand retail, digital media, manufacturing")