Page 7 - Latest Updates on FDI
Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA
Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside
 "Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA")
No rethinking on supporting Chinese investments in India: Piyush Goyal
The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country
 "No rethinking on supporting Chinese investments in India: Piyush Goyal")
DPIIT working on proposal to further tighten FDI rules in tobacco sector
At present, foreign direct investment (FDI) is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes of tobacco
 "DPIIT working on proposal to further tighten FDI rules in tobacco sector")
Clear guidelines needed for approving China's FDI plans: NITI Aayog VC
Earlier this week, the pre-budget Economic Survey has also made a strong case for seeking FDI from Beijing to boost local manufacturing and tap the export market
 "Clear guidelines needed for approving China's FDI plans: NITI Aayog VC")
Shouldn't have fiscal incentive or disincentive towards savings: DEA secy
We are moving in the direction of fiscal prudence as well as finding adequate money for priority expenditure, he says
 "Shouldn't have fiscal incentive or disincentive towards savings: DEA secy")
DPIIT to create timelines for govt agencies for clearance of FDI proposals
He said that the concerned ministries and departments will be nudged to prioritise applications and speed up the process of approvals
UK businesses, investors community receive Union Budget with enthusiasm
There were a couple of announcements which I think will help the UK-India corridor: one was the reduction in the Corporate Tax rate for foreign companies, which is excellent news
 "UK businesses, investors community receive Union Budget with enthusiasm")
Budget 2024: Well-defined, well-responsible Budget, says Usispf Ceo Aghi
The Usispf chief said that the infrastructure spending and defense capital expenditure has gone up
 "Budget 2024: Well-defined, well-responsible Budget, says Usispf Ceo Aghi")
Budget 2024: Slow improvement in capacity utilisation, FDI falling
Rules for foreign direct investment and overseas investments to be simplified
 "Budget 2024: Slow improvement in capacity utilisation, FDI falling")
Budget proposes to simplify norms pertaining to FDI, overseas investments
FM says 'not disowning' Economic Survey's suggestion that India should attract more FDI from China
Changing ties: Eco Survey bats for more FDI from China to tap export market
Cites Apple, Foxconn success stories on China Plus One; Calls to strike a balance between importing goods and FDI from China
 "Changing ties: Eco Survey bats for more FDI from China to tap export market")
Goyal cites ease of doing, other steps to attract US investors to India
The minister added that though at present the US is attractive for investors because of high interest rates, going forward India provides huge opportunities for businesses
 "Goyal cites ease of doing, other steps to attract US investors to India")
India's outward FDI rises to $2.14 billion in June, shows RBI data
Outward FDI was $3.16 billion in April-June 24
Domestic mutual funds increase stake in Paytm, firm's FDI dips by 2%
The shareholding of foreign portfolio investors was pegged at 20.5 per cent in Q1FY25, a 0.16 per cent decline from Q4FY24
 "Domestic mutual funds increase stake in Paytm, firm's FDI dips by 2%")
Gujarat received FDI worth $7.3 bn in 2023-24, jump of 55% from last fiscal
With this, Gujarat now occupies the second spot in the country after Maharashtra in terms of the FDI inflow
Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr
The company, a fully FDI-funded real estate developer and a wholly-owned subsidiary of Experion Holdings Pte Ltd, Singapore, has acquired the land parcel in Sector 88A, Gurugram
 "Realty firm Experion Developers buys 8-acre land in Gurugram for Rs 400 cr")
Course correction
FDI fall shows need for reform and openness
Relationship between India, US 'multiplicative': US envoy Eric Garcetti
Eric Garcetti made the remarks on Monday at an event on the sidelines of the SelectUSA Investment Summit, to which the largest delegation is from India
 "Relationship between India, US 'multiplicative': US envoy Eric Garcetti")
India sees 43% decline in FDI inflows in 2023, drops to 15th spot
In 2022, India's FDI inflows rose by 10% to $49 bn
Net FDI in India improves to $4 billion in April, says RBI bulletin
The scale of repatriation/divestment of capital declined to $2.38 billion in April 2024 from $3.47 billion a year ago
