The Union government approved the relaxation of the foreign direct investment (FDI) policy on multi-brand retail trading (MBRT), by easing main contentious riders on such money.
Tag: Foreign Direct Investment
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PSUs invest Rs 1.2 trillion in FY13
Speaking at the annual general meeting of the industry chamber Associated Chambers of Commerce and Industry (Assocham), Prime Minister Manmohan Singh said major state-run firms invested about Rs 120,000 crore in 2012-13. He said this to dismiss the popular notion that public sector undertakings (PSUs) werenĆāt investing despite sittin
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Industry bodies welcome FDI relaxation in key sectors
Industry bodies like Assocham and Confederation of Indian Industry (CII) welcomed the government's move to attract more foreign direct investment (FDI) in certain sectors. The government recently allowed 100 per cent FDI in telecom, hiked FDI limit in insurance sector to 49 per cent and took steps to promote foreign capital inflow in defen
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India receives 25% more FDI in April
Data compiled by the Department of Industrial Policy and Promotion (DIPP) shows 25 per cent year-on-year growth in foreign direct investment (FDI) into India in April at $2.32 billion. In April 2012, the country received FDI worth $1.85 billion. FDI in April 2013 is said to be the highest level in the past six months. In September, 2012, foreign inflows were $4.67 billion
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Karnataka govt to attract FDI
In order to attract Foreign Direct Investment (FDI) into the state, Karnataka government plans to set up four ĆāHelp DesksĆā at Japan, Taiwan, United States of America and Germany. Through the proposed help desks, the government would take initial steps to showcase the state before attracting investments
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Press notes on FDI notified by RBI
Press notes 2 and 3 of the Department of Industrial Policy and Promotion (DIPP) have been notified by the Reserve Bank of India (RBI) recently. The notes, which have been pending for the last four years, relate to guidelines for foreign direct investment (FDI), defining control over the company and transfer of ownership. The press notes provide definition of 'owned or controlled', a term which is essential to determine whet
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DIPP discusses raising FDI limit in key sectors with ministries
Recently, the the Department of Industrial Policy & Promotion (DIPP) held meeting with around 15 ministries to understand their views on raising foreign direct investment (FDI) limit on some key sectors. These sectors include civil aviation, defence, telecom and multi-brand retail. Ministries of defence, I&B, civil aviation and petroleum & natural gas have reportedly attended the meeting
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Govt to announce more economic reforms
Union Finance Minister informed that the government would unleash more economic reforms in the coming days in order to rev up the investor sentiment and spur growth momentum.
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Only a transparent delivery system can attract FDI
India's resource governance system needs to ensure allocation of iron ore resources to all the steel producers, so that effective value addition can happen within the country and India will be less dependent on import of finished steel,
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Not yet out
Despite the current slowdown, the long-term outlook for the port sector continues to be strong, especially because of increasing demand for coal, containers, crude oil and POL, fertilisers, and steel. The government also has taken into cognizance the issues impacting the sector