The move is being considered after proposals worth $6 billion were stuck amid the red tape, say sources
DFS, Dipam and DPIIT have finalised the change in FDI policy
FDI inflows to India dip 51 per cent in first half of 2021
Industry experts say that Tesla has been sourcing auto components from the country after signing up non-disclosure agreements
Allowing foreign investors to invest in LIC would aid its listing, expected to be the largest initial public offering in India
Foreign direct investments into the country is on the rise, jumping to USD 12.1 billion in May this year, Commerce and Industry Minister Piyush Goyal said on Monday.
The US replaced Mauritius as the second largest source of foreign direct investment into India during 2020-21 with inflows of USD 13.82 billion, according to government data.
The government may hike foreign direct investment (FDI) limit in the pension sector to 74% and a Bill in this regard is expected to come in the next Parliament session
Necessary actions have been taken for investigation by the Enforcement Directorate, Parliament was informed
DPIIT will hold a host of meetings with industry and trader associations this month on issues pertaining to foreign direct investment in the e-commerce sector, an official said.
India's sovereign authority to tax cannot be questioned by anybody, she asserts
FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of India
On the other hand, fund flows "declined most strongly" in major economies such as the UK, the US and Russia due to the pandemic
Foreign Direct Investment into India rose by 13% in 2020, boosted by interest in the digital sector, and while fund flows "declined most strongly" in major economies, the UN has said
In 2019, the United States had received $251 billion in inflows and China received $140 billion
No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019
Security clearance to CEO, foreign personnel aimed at monitoring sector, said experts
The Central government has increased the foreign direct investment (FDI) limit in the defence sector from 49 to 74 per cent under automatic route and beyond 74 per cent through the government route."Welcome Prime Minister Narendra Modi ji's decision to amend FDI policy in Defence Sector. Now, FDI is allowed upto 74% through automatic route & beyond 74% to be permitted through Govt route. This will enhance Ease of Doing Business and contribute to growth of investment, income and employment," Minister of Commerce and Industry Piyush Goyal tweeted.Making the announcement on Twitter on Friday, Goyal added that foreign investments in the defence sector will be subject to scrutiny on grounds of national security.According to an order issued by the Ministry of Commerce and Industry, the FDI limited through government route has been increased to beyond 74 per cent "wherever it is likely to result in access to modern technology or for other reasons to be recorded"."Foreign investments in
It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.
Social media giant has some investors from China, wants clarity on beneficial ownership norms