In order to revamp the foreign direct investment (FDI) policy of the country, the government may set up a Empowered Group of Ministers (EGoM). The proposed EGoM may study the Arvind Mayaram committee report, which has suggested a major change in the FDI regime. Mayaram is secretary, economic affairs department, union government
Tag: FDI
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Govt to set up EGoM to decide on new FDI policy
In order to revamp the foreign direct investment (FDI) policy of the country, the government may set up a Empowered Group of Ministers (EGoM). The proposed EGoM may study the Arvind Mayaram committee report, which has suggested a major change in the FDI regime. Mayaram is secretary, economic affairs department, union government
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Govt to announce more economic reforms to revive growth
Union Finance Minister informed that the government would unleash more economic reforms in the coming days and weeks in order to rev up the investor sentiment and spur growth momentum. The government is expected to expedite implementation of around 40 projects out of the 250 private sector projects that can quickly take off the ground and, thereby, boost economic growth, reports indicate
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Govt to take steps to support foreign investment
Raghuram G Rajan, Chief Economic Adviser, Ministry of Finance assured that the government will continue to implement measures to ease foreign investor portfolio inflows and some will be done very shortly. He also said that the government continues to undertake measures to ensure the current account deficit (CAD) is safely financed. In the coming weeks, the government will be recommending the policies to enha
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Govt to remove ambiguity on FDI policy
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same. Recently, Commerce and Industry Minister Anand Sharma has reportedly discussed the issue with Finance Minister P Chidambaram. After the meeting, Sharma said the g
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In the eye of a revolution
IndiaÂ’s greatest need is for an effective and economically viable cold chain solution that will totally integrate the supply chains for all commodities from the production centres to the consumption centres, thereby reducing physical waste and loss of value of perishable commodities, writes Rai Umraopati Ray.
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Ambiguity on FDI policy
Government is reportedly working on removing ambiguities in the definition of foreign direct investment (FDI) and foreign institutional investment (FII) and it is expected to issue clarification on the same.
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Experts suggest India to attract Chinese funds for infra projects
Some experts suggest that India may attract the huge foreign exchange reserves of China, estimated to be about $3 trillion, towards its infrastructure sector. Experts suggest the Indian government to attract foreign direct investment (FDI) from China into the infrastructure sector, which needs $1 trillion funding during
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Govt may implement change in FDI control definition prospectively
In an interview to a leading newspaper, Union Commerce Minister Anand Sharma that the proposed changes in the definition of foreign ‘control and ownership’ would be applicable prospectively. Applying the proposed change in definition is necessary to protect the interest of foreign companies that entered into joint-ventures, partnerships or inves
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DIPP clears RBI proposal on FDI
In order to protect the interests of foreign investors, the department of industrial policy and promotion (DIPP) approved the proposal to route the foreign direct investment (FDI) in shares of Indian companies through an escrow account. The proposal was mooted by the Reserve Bank of India (RBI) as it found that some Indian companies, who receive FDI, failed to issue shares till the deadline of 180 days near