FDI Policy

The NRI industrialist's on-record pitch for clear sectoral caps and minimal approvals anticipated today's ease-of-doing-business push

Invest India, the investment promotion and facilitating agency under the Department for Promotion of Industry and Internal Trade (DPIIT), has been actively identifying key value chains to focus on

He further said that relaxation in Foreign Direct Investment (FDI) policy and industrial licensing procedure are other elements that will propel the growth in the defence industry

FPIs will need to seek government approval before reclassification in applicable cases

Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion

The White Paper focuses on the violations committed by e-commerce giants, particularly regarding the Foreign Direct Investment policy and other regulatory frameworks governing e-commerce

Currently, the share of FDI equity inflows is a mere 0.01 per cent of the total inflows

Industry expects $20 billion investment in the sector in 10 years

More than 80 countries, 200 speakers and 12 partner ministries, departments and commodity boards are scheduled to take part in the event

Traders' body CAIT on Thursday accused Metro AG of fund diversion and violating FDI regulations in India, a charge which the German cash-and-carry major rejected as "false and malicious". The Confederation of All India Traders (CAIT) raised serious objections over the business practices of Metro AG's Indian subsidiary Metro Cash & Carry. Metro Cash & Carry India currently operates 31 stores in the country under the brand Metro Wholesale. Metro AG, which had entered the Indian market in 2003, is now reportedly scouting for a partner to sell a majority stake in its Indian subsidiary. Several entities, including Amazon, Thailand's Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts (D-Mart), Tata Group and Lulu Group, are said to be in the race to acquire the majority stake. "As per the media reports Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in India which is nothing but the diversion of funds by ...

DFS, Dipam and DPIIT have finalised the change in FDI policy

The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM)

The tweak might allow overseas investors to pick up a majority stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd

Here's a selection of Business Standard opinion pieces for the day

The e-commerce foreign direct investment policy doesn't sit well with the concept of competition

The meeting, chaired by DPIIT Secretary Guruprasad Mohapatra, will also see participation of Reliance Jio, Snapdeal, Paytm Mall, and Swiggy

Bill provides that no insurer shall invest policyholders' funds outside India, says government

The large insurance companies are well capitalised and backed by very strong Indian partners, mostly banks and large non-banking players

Business Standard brings the top news of the evening

Traders' body CAIT on Wednesday accused e-commerce major Amazon of violating FDI policy and Foreign Exchange Management Act (FEMA) norms, a charge which the multinational company denied