Page 29 - Latest Updates on FDI
Govt okays 100% FDI in contract mfg, eases rules for single brand retail
The Union Cabinet also approved 100% FDI under automatic route in coal mining and associated infrastructure
 "Govt okays 100% FDI in contract mfg, eases rules for single brand retail")
Govt to consider relaxing FDI norms in single brand retail on Wenesday
he present FDI policy is silent on the fast-growing digital media segment
 "Govt to consider relaxing FDI norms in single brand retail on Wenesday")
Govt may soon consider easing local sourcing for FDI in single-brand retail
Currently, online sale by a single-brand retail player is allowed only after opening of physical outlet
 "Govt may soon consider easing local sourcing for FDI in single-brand retail")
NDTV's Prannoy Roy, wife, former CEO booked for alleged FDI norms violation
It is alleged that the company floated 32 subsidiaries in several tax haven countries to bring foreign funds to India through sham transactions
 "NDTV's Prannoy Roy, wife, former CEO booked for alleged FDI norms violation")
Govt looks at eliminating FDI security gaps through scrutiny measures
Foreign investment in strategic sectors main worry
 "Govt looks at eliminating FDI security gaps through scrutiny measures")
India attracts highest-ever FDI inflow of $64.37-billion in FY19: Report
According to the Annual Report 2018-19 of the DPIIT, foreign direct investments (FDI) worth $286 billion were received in the country in past five years
 "India attracts highest-ever FDI inflow of $64.37-billion in FY19: Report")
Better business climate, trade norms will help India attract FDI: IMF
Further, the IMF has suggested for gradual liberalisation of portfolio investments, while monitoring risks of portfolio flow reversals
 "Better business climate, trade norms will help India attract FDI: IMF")
Goyal backs multi-brand FDI policy, says no changes in the offing
Britain's prime ministerial frontrunner Boris Johnson had recently expressed his disappointment at UK retailers like Sainsbury's and Waitrose not being able to set up base in India
 "Goyal backs multi-brand FDI policy, says no changes in the offing")
Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch
The proposed change is only applicable to insurance intermediaries while the cap on foreign ownership in insurance companies will remain at 49%
 "Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch")
India Inc's FDI down over two times to $820 million in June, shows RBI data
In May, the Indian firms had invested over $1.56 billion in their overseas ventures
Budget impact: FDI cap in insurance sector may be raised to 74%
The govt is also looking to allow FDI in information utilities at 100% through govt approval route
Budget 2019: FM eases sourcing local norms, opens doors to Apple Stores
Aiming to attract big players, single-brand retail firms may be permitted to open online stores before setting up brick-and-mortar shops if they bring in over $200 mn FDI
 "Budget 2019: FM eases sourcing local norms, opens doors to Apple Stores")
FDI: Bringing all stakeholders on board
To take the economy to $5 trillion, India needs a clear and consistent position on foreign direct investment
 "FDI: Bringing all stakeholders on board")
India likely to be among top 20 global FDI sources by 2021: UN body
Drawing inference from a survey of investment promotion agencies globally, the report points out that India's equity outflows stood at $11.03 billion in 2018
 "India likely to be among top 20 global FDI sources by 2021: UN body")
Legal reforms like ad-hoc judges, better technology to speed up FDI
India's FDI rate is on a decline for the last three years. To stem the slide, the government needs to drastically improve the efficacy of the country's judicial system
 "Legal reforms like ad-hoc judges, better technology to speed up FDI")
The FDI problem
Shrinkage reveals questions about future of Indian growth
FDI inflows contract in FY19, first in 6 yrs, on weak economic conditions
Singapore replaces Mauritius as the top source of FDI
India's FDI inflows: Has Singapore gained at the expense of Mauritius?
In the first three quarters of 2018-19, total FDI inflows at $46.62 billion fell by over 3% over the same period of 2017-18
The FDI problem
Indian economy appears to be less attractive to foreign investors
Out 6 months later, FDI data show 7% fall in inbound equity investment
The latest figures were released after a hiatus of six months, throughout which the DPIIT did not publish FDI figures, despite RBI providing it with regular inputs
 "Out 6 months later, FDI data show 7% fall in inbound equity investment")