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Pakistan in dire financial danger as FDI declines by 52 percent
World

Pakistan in dire financial danger as FDI declines by 52 percent

Foreign Direct Investment (FDI) in Pakistan has dropped by 52 percent in the first four months of the current financial year. The State Bank of Pakistan released information about this last Monday

FDI in Indian media: How the scene changed since post liberalization
Business

FDI in Indian media: How the scene changed since post liberalization

When FDI started coming in various sectors of the Indian economy, it impacted the Indian media in a big way

Globalisation of Indian firms: Is it a new dawn?
Business

Globalisation of Indian firms: Is it a new dawn?

Greater clarity is required on certain aspects like ‘strategic sector’, ‘bona fide business activities’, ‘control’, etc. Success lies in the implementation of the rules in an effective and hassle-free manner

India on track to attract $100 billion FDI this fiscal, says Centre
Business

India on track to attract $100 billion FDI this fiscal, says Centre

The commerce and industry ministry said in a statement the government has put in place a liberal and transparent policy wherein most sectors are open to foreign direct investment under the automatic route

India received highest ever FDI inflow of over Rs 6 crore in FY 2021-22
Business

India received highest ever FDI inflow of over Rs 6 crore in FY 2021-22

The increase in FDI inflows is a result of the measures taken by the Government on FDI policy reforms, stated the official statement

Modi@8: How Narendra Modi government rewrote the FDI rules in favour of India
Business

Modi@8: How Narendra Modi government rewrote the FDI rules in favour of India

The Narendra Modi government is now eight years old. One of its key achievements is that more than 50 percent of the FDI India has received since 2000 has come in the Modi years

At $83.57 billion, India reports 'highest-ever' FDI inflow in 2021-22
Business

At $83.57 billion, India reports 'highest-ever' FDI inflow in 2021-22

Among sectors, computer software and hardware attracted maximum inflows followed by the services sector and automobile industry, the commerce and industry ministry said

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue
Business

Centre amends FEMA rules to let 20% foreign investment in LIC's public issue

The government is planning to dilute its stake in LIC through the the IPO. LIC in February had filed the Draft Red Herring Prospectus (DRHP) before the markets regulator Sebi for the IPO

Will work to attract and retain business and foreign direct investments in NYC in post COVID-19 days, says Indian-American official
World

Will work to attract and retain business and foreign direct investments in NYC in post COVID-19 days, says Indian-American official

Dilip Chauhan was appointed Deputy Commissioner, Trade, Investment, and Innovation in the New York City Mayor's Office for International Affairs in January this year by the Mayor Eric Adams

India received 65% more FDI during Modi regime against 10 years of UPA rule, says Sitharaman
Business

India received 65% more FDI during Modi regime against 10 years of UPA rule, says Sitharaman

Despite the covid pandemic, she said the government did not resort to taxes for resource mobilisation and no tax was increased to fund the economic recovery

FDI policy on e-commerce: Online firms cannot win the game by blaming govt but by finding a way around regulations
Business

FDI policy on e-commerce: Online firms cannot win the game by blaming govt but by finding a way around regulations

The reluctance of digital/technology companies to invest time and resources to navigate an uncertain regulatory landscape is more to be blamed than the FDI policy itself.

How economic reforms of 1991 focussed on urban centres at the cost of rural India
India

How economic reforms of 1991 focussed on urban centres at the cost of rural India

In the changed scenario, there are many incentives and concessions to develop industrial clusters and corridors but nothing for an industrialist if she desires to set up a unit in far-flung areas

India attracted highest-ever FDI inflow of $81.72 billion in 2020-21, says Centre
Business

India attracted highest-ever FDI inflow of $81.72 billion in 2020-21, says Centre

An official statement said that measures taken on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in the increase

Lok Sabha passes Insurance (Amendment) Bill, 2021 raising FDI from 49 percent to 74 percent
India

Lok Sabha passes Insurance (Amendment) Bill, 2021 raising FDI from 49 percent to 74 percent

Piloting the bill, Finance Minister Nirmala Sitharaman said hiking the FDI limit in the insurance sector will help insurers raise additional funds and tide over the financial problems

Don't modify existing health insurance policies that leads to higher premium: IRDAI tells insurers
Business

Don't modify existing health insurance policies that leads to higher premium: IRDAI tells insurers

IRDAI has also directed the insurers to ensure that policy wordings are simple so that policyholders can understand them easily

Ruckus in Rajya Sabha over bill raising FDI in insurance; Opposition demands review by standing committee
India

Ruckus in Rajya Sabha over bill raising FDI in insurance; Opposition demands review by standing committee

BJP leader Bhupender Yadav, however, said that the bill has already been examined by a standing committee, the Law Commission and the Narasimhan Commission

Govt received Rs 36,709 cr from 100 PSUs in 2018-19; net worth of 77 companies totally eroded in losses: CAG
India

Govt received Rs 36,709 cr from 100 PSUs in 2018-19; net worth of 77 companies totally eroded in losses: CAG

The report also said there were 157 Central Public Sector Enterprises (CPSEs) that incurred losses during 2018-19. The losses amounted to Rs 37,310 crore compared to Rs 41,180 crore in 2017-18

Union Budget 2021: FDI cap hike will raise insurance penetration, help attract overseas funds, say experts
India

Union Budget 2021: FDI cap hike will raise insurance penetration, help attract overseas funds, say experts

In her Budget speech, Nirmala Sitharaman had proposed amending the Insurance Act, 1938, to increase the FDI limit in insurance companies from 49% to 74% and allow foreign ownership and control with safeguards

Amazon faces ED probe for alleged violation of the foreign exchange laws and rules of the country
Business

Amazon faces ED probe for alleged violation of the foreign exchange laws and rules of the country

The Delhi HC says that the company's attempt to control Future Retail through a series of agreements is a violation of the FDI laws.

CAIT seeks strict action against Amazon in letter to ED, claims predatory pricing caused misery to small traders
India

CAIT seeks strict action against Amazon in letter to ED, claims predatory pricing caused misery to small traders

The traders' body claimed that despite the constant violations, no action has been taken against Amazon because of which 7 crore traders in India are feeling cheated and left out