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Tag: Fdi

Piyush Goyal
India Has Potential To Attract Annual FDI Of $120- $160 Billion By 2025: Minister

According to the minister, the Centre has introduced several key policy and business reforms for improving the investment climate.

India Receives $64 Billion FDI In 2020, Fifth Largest Recipient Of Inflows In World: UN

India received USD 64 billion in Foreign Direct Investment in 2020, the fifth-largest recipient of inflows in the world, according to a UN report which said the COVID-19 second wave in the country weighs heavily on the country's overall economic activities but its strong fundamentals provide optimism for the medium term.

Union Budget 2021: FDI Hike In Insurance To Invite Foreign Majors

New Delhi: In a big boost to FDI inflows and the insurance sector, Finance Minister Nirmala Sitharaman on Monday announced increase of FDI limits from 49 per cent to 74 per cent. Shares of insurance stocks surged after the announcement. ICICI Prudential Life Insurance was up by 2.87 per cent and Max Financial was up […]

FDI In India Jumps 13 Pc To Record USD 49.98 Billion In 2019-20

New Delhi: Foreign direct investment (FDI) in India rose by 13 per cent – the sharpest pace in the last four fiscals – to a record of USD 49.97 billion in 2019-20, according to official data. The country had received FDI of USD 44.36 billion during April-March 2018-19. Foreign investments in the last fiscal grew […]

PM holds meeting to discuss strategies to attract more foreign investments, boost economy

New Delhi: Prime Minister Narendra Modi on Thursday held a “comprehensive” meeting to discuss strategies to attract more foreign investments into India as well as to promote local investments in order to give a boost to the economy against the backdrop of the COVID-19 pandemic. PM Modi directed that measures should be taken to handhold […]

India China
Chinese investment under scanner as Govt tweaks law post COVID-19

New Delhi: In a move presumably aimed at blocking China and its companies from opportunistic takeovers of Indian companies due to the COVID-19 pandemic and subsequent crisis, India has clarified that foreign investments from countries with which India shares land border shall be under government approval route. According to a clarification by Department for Promotion […]

FM Nirmala Sitharaman Cites FDI, FPI, GST Collection To Show 'Reviving Economy'

New Delhi: In a bid to counter criticism over the slowdown, Finance Minister Nirmala Sitharaman on Tuesday stressed on seven economic indicators and data to show that the Indian economy is stable and said that green shoots for its revival are clearly visible and would ensure that growth picks up from here. In her reply […]

Low GDP Not For The First Time, Economy To Bounce Back: PM Modi

New Delhi: Noting that the economy has gone through ups and downs in the past too, Prime Minister Narendra Modi on Friday cited macroeconomic data from previous governments to suggest that the economy would bounce back again with much vigour and strength. Speaking at the centenary event of industry chamber Assocham, Modi said that GDP […]

Government Allows 26% Foreign Direct Investment In Digital Media

New Delhi: The government on Wednesday relaxed Foreign Direct Investment or FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent […]

Cabinet May Relax FDI In Retail, Okay Ordinance To Roll Back FPI Surcharge

New Delhi: The liberal FDI regime is expected to attract foreign players to invest in the country which is facing a slowdown. Seeking to make India more attractive FDI destination globally, Sitharaman had said that government would examine suggestions of further opening up of FDI in aviation, media (animation) and insurance sectors in consultation with […]

International Crude Oil Prices Decline After Trump Tests COVID-19 Positive
India faces challenge to replace Iran oil: Report

Mumbai:India depends on Iran for nearly 10 per cent of its oil requirements, with the US sanction drying this source by May 2, the country’s macroeconomic situation may go for a tailspin if an alternative is not found immediately. India will have to increase its dependence on oil imports from OPEC nations such as Saudi […]

Cabinet approves 100% FDI in retail, construction

New Delhi: In major changes liberalising foreign direct investment in key sectors, the Union Cabinet on Wednesday approved 100 per cent foreign investment in single brand retail trading (SBRT) and construction development and decided to open up Air India for FDI up to 49 per cent. Besides, the government also decided that foreign institution investors and […]

CII expects economy to rebound in Oct-Mar

New Delhi: Industry body CII today said it expects a recovery in India’s economy in the second half of this financial year. The chamber said that lowering interest rates by 100 basis points could inject a huge growth impulse. In a statement, the Confederation of Indian Industry pointed out that in many sectors, including automobiles, […]

FDIs in India flat in 2016, but prospects bright: UNCTAD

United Nations: Foreign Direct Investments (FDI) in India remained almost flat in 2016, but the nation is expected to emerge as one of the top FDI destinations, according to the UN Conference on Trade and Development (UNCTAD). The World Investment Report released by the UN agency in Geneva on Wednesday said that FDI rose by […]

CBI raids Chidambaram's Chennai residences

Chennai: The CBI on Tuesday raided the residences of former Finance Minister P. Chidambaram and his son Karti in Chennai, Delhi and various other places alleging he could have benefited to the tune of Rs 3.5 crore for helping in the clearance of an FIPB proposal of media company INX Ltd when his father was […]

Posco’s exit sparks speculation over fate of acquired lands

Bhubaneswar: After Posco-India’s exit from Odisha, the lands in Jagatsinghpur districts acquired by the State for the single largest FDI have become centre of attraction for many. Question arises that who will take this lands and for what purpose? After the steel major pulled out, speculation started doing rounds on the fate of these lands […]

Posco HRD Centre
Abandoned Posco building a grim reminder of derailed FDI

Paradip: A sprawling three-storey building with elegant designing backed up by plenty of open space dots the outskirts of Paradip Seaport Township. There is every reason for a casual visitor to mistake it to be an engineering college imparting B. Tech courses. The closure of this college for summer vacation may strike one’s minds at […]

Odisha officer's killing may hit FDI in maritime sector, warns MANSA

Mumbai: The Mumbai and Nhava Sheva Ship Agents Association (MANSA) on Wednesday cautioned that the blatant killing of a high-ranking port official in Paradip, Odisha, could hit international trade, commercial activities and foreign direct investment in the maritime sector. In a letter, MANSA drew the attention of Prime Minister Narendra Modi, the shipping and law […]