Page 27 - Fdi

FDI rises 15% during Apr-Sep to $26 bn; services attract most investments

FDI is important as the country requires major investments to overhaul its infrastructure sector to boost growth

Irdai restores Reliance Capital's 100% shares in Reliance General Insurance

The regulator also said its prior approval was not taken for the transfer. The Irdai added that the unauthorised transfer also violates FDI regulations

Key policy steps taken by NDA govt this year to revive a sagging economy

Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

DPIIT to soon issue clarification on 26% FDI in digital media sector

The DPIIT has already taken views of the Information and Broadcasting Ministry on the issue

General insurers want FDI raised to 74%, valuation remains a concern

Some even want 100% FDI; last week apex body General Insurance Council held meeting with members to discuss the issue of FDI

Govt examining foreign fund flows in infra, telecom at sensitive locations

Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise

FDI at record levels, Rs 4.47 trillion sanctioned to NBFCs, HFCs: CEA

The CEA also pointed out the recent disinvestment decisions regarding PSU majors BPCL, CONCOR and SCI

Sri Lanka looks to expand business, pitches for Indian investments

Exports from India to Sri Lanka reportedly rose from USD 600 million in 2001 to USD 4,495 million in 2018

Tamil Nadu stays on upswing, rakes in Rs 19,083 cr investment in 10 months

After Palaniswami took over as chief minister in February 2017, cumulative foreign direct investment (FDI) rose by Rs 46,427 crore from Rs 133 trillion (April 2000 to March 2017) to Rs 180 trillion

Govt refuses to budge on FDI compliance by e-commerce companies

According to the notification by the finance ministry, e-commerce companies have to obtain statutory auditor report by September-end for the preceding financial year

Govt tells e-commerce companies to file FDI-compliance report annually

According to government sources, this decision will help in ensuring compliance of FDI policy in the e-commerce sector

Total FDI inflow into India increased by $62 bn in 2018-19, says govt

Goyal's response came in response to a question by Congress MP Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19

Govt exploring options to ease FDI norms to attract bidders for Air India

The government for long has been trying to sell debt-ridden Air India but could not attract bidders. It has now again decided to call bids for sale next month

7-Eleven tweaks convenience store format for India roll-out next year

Experts say the emphasis on eating out at 7-Eleven in India is linked in part to curbs on foreign direct investment in multi-brand retail in the country

Odisha topples Maharashtra in attracting new investments in H1 FY20

Corners 18% of virgin investments drawn by all states, compare to Maharashtra's 16%

100% FDI in coal mining will help India to reach 300 MT target: Deloitte

India's move to allow 100 per cent foreign direct investment in coal mining is a "positive move" and a good policy enabler towards the country's long-term ambition of producing 300 million tonnes of steel per annum, a Deloitte official has said. "I think it is a positive move on the part of the government... The global macro-economic environment is softening and it is a step in the right direction," Andrew Swart, Global leader, Mining & Metal, Deloitte, told PTI. In August, the government had allowed 100 per cent foreign investment in coal mining and contract manufacturing. "You get a real opportunity to bring in technical skills in the exploitation of these particular deposits and that's where a lot of international players can add a lot of value to the sector," Swart added. There is an opportunity to partner with some of the global miners specifically in the area of technology transfer, he said and added that this would be an important step in advancing the competitiveness of ...

Set up panel to look into allegations against Flipkart: CAIT to govt

In a statement, CAIT has levelled several allegations against Flipkart which include circumventing the law, causing huge GST and Income Tax revenue loss to the governmen, bypassing the FDI policy

Centre prioritises coking coal contracts over foreign mine purchases

Company may at best consider picking up stakes in coking coal companies instead of going for an outright purchase

Govt to set up mega parks near ports to attract FDI: Textile secretary

Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks

Letter to BS: Govt needs to focus on increasing its revenue from GST

The government needs to focus on increasing the revenue on GST and help the retailers achieve a good margin.