Recent decisions in the wake of Covid-19 have hurt India's FDI policy
Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies
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This is particularly important as Chinese companies often have opaque beneficial structures and have unbridled access to our market and other national information
The updated FEMA Rules came into effect from Thursday midnight
Govt right to crack down on strategic investments from China
India's move was attributed to the rising possibility of "opportunistic takeovers" of its companies by those in neighbouring nations, as the coronavirus pandemic wreaks havoc on the economy
It recommended the commerce department to take concerted efforts to increase the share of manufacturing sector in FDI inflows.
This has been termed a landmark decision by Union minister Prakash Javadekar
In 2018-19, FDI in the sector was aggregated at $2.18 million, according to the data
The government should be happy that they are still buying civilization by investing in infrastructure bonds instead of paying their full taxes.
The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20
Singapore was the largest source of FDI for India in FY20, accounting for around $8 billion, followed by Mauritius with $6.3 billion
The CEA also pointed out the recent disinvestment decisions regarding PSU majors BPCL, CONCOR and SCI
The government has undertaken a number of measures to arrest the growth slowdown. In September, it announced a cut in the corporate tax rate to 22 per cent from 30 per cent.
India should quickly implement these reforms to revive the lost export momentum and spur high, inclusive growth to create jobs.
According to the Cabinet decision taken on Wednesday, all procurement in India - for domestic or export markets - will be accepted as local sourcing
The commerce and industry ministry is working on a proposal that would be finalised soon and sent for Union Cabinet's approval
Foreign investment in strategic sectors main worry
According to the Annual Report 2018-19 of the DPIIT, foreign direct investments (FDI) worth $286 billion were received in the country in past five years