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Cong slams Fadnavis over FDI data, says Maha has always been on top

The Congress on Saturday said that Maharashtra has continuously topped the list of foreign direct investment (FDI) receivers and attacked Deputy Chief Minister Devendra Fadnavis over his comment that the state's ranking went down during MVA rule. Citing data from Union ministry of industries, state Congress spokesperson Sachin Sawant said Maharashtra got about 33 per cent of all FDI in the country between 2000 and 2012. In terms of overall FDI from October 2019 to June 2022, Maharashtra ranked first even during the tenure of the Maha Vikas Aghadi (MVA) government, Sawant said. The MVA government under Uddhav Thackeray fell in June 2022 after Eknath Shinde led a rebellion in Shiv Sena and joined hands with the BJP to become the chief minister. Congress is an MVA partner. Maharashtra, which lagged in attracting FDI during MVA rule, has again risen to the top position in the past two consecutive years, Fadnavis had said on Friday. You (Fadnavis) presented data from April 2021 to Marc

India's FDI equity inflow at five-year low of $44 billion in FY24

High interest rates in advanced economies, limited absorptive capacity locally likely reasons

India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%

FDI inflows into India's manufacturing sector in FY24 are among the lowest in five years, according to provisional data in the RBI annual report

Multinationals post 45.2% growth in net profit in FY23, shows RBI data

Post-pandemic improvement in margins boosts bottom line

Best of BS Opinion: Family and factory economics, Fiscal bonanza & more

Here is the best of Business Standard's opinion pieces for today

Foreign pressure

Higher repatriation by investors must be studied

Net FDI declines by 62% to $10.5 billion in FY24, shows RBI data

Lowest in over a decade; Gross FDI stable at $71 bn

Best of BS Opinion: Rising repatriation, Themeless election & more

Here is the best of Business Standard's opinion pieces for today

Rising repatriation

As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment

FDI easing in space sector to lure foreign players, boost high-tech jobs

The government's decision to ease foreign direct investment (FDI) in the space sector will help attract foreign players as well as startups and will boost demand for high-tech jobs, experts say. The government has eased FDI norms in the sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies into the segment. The provisions were notified last month. Sreeram Ananthasayanam, Partner, Deloitte India, said that the recent amendment of higher FDI limits in the space sector is a significant step towards transforming India's space program, in terms of infrastructure development. "For the private sector, it opens doors to new business opportunities, it presents an opportunity to leverage private investments to enhance space capabilities, access to cutting-edge technologies to accelerate and develop next-gen space products, and collaboration with global players," Ananthasayanam said. For t

India trustworthy partner for Nepal's development, says Piyush Goyal

Goyal also reiterated that Nepal and India not only share a border but also a deep-rooted friendship and a vision for a prosperous future.

CII-IGBC expects surge in private capex, FDI after Lok Sabha polls

It says top priority for new govt should be to strike balance between economic growth and environmental sustainability

Outward remittances hit new high at $29 billion in April 2023-February 2024

In February 2024, the outward remittances stood at $2.01 billion, which was 23% lower than $2.62 billion in January 2024

Nearly 46 FDI proposals pending: DPIIT writes to 17 govt departments

Of these 46 proposals, 27 have also received comments from the Ministry of Home Affairs regarding security clearance

India's outward FDI rises to $3.91 billion in March, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees

Election season may hit govt capital expenditure spending, FDI inflows

In case of FDI, the total FDI inflows was over $50 billion in FY20 and its share during the election months of April-May 2019 turned out to be 18.1 per cent

In foreign direct investment, China's loss is not India's gain: OECD data

It's other countries that are mopping up what would have gone to China

New electric vehicle scheme links lower import duty with FDI

EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less

Insurance sector received Rs 54,000 crore FDI in 9 years, says DFS Secy

The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and then to 74 per cent in 2021, he told PTI in an interview

India's outward FDI rises to $3.47 billion in February, shows RBI data

Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees