Foreign direct investment (FDI) in India rose 18 per cent to $35.18 billion during April-September this fiscal year, while the inflow from the US more than doubled to $6.62 billion during the first half of this fiscal, according to government data released on Monday. Foreign Direct Investment (FDI) during April-September FY24 stood at $29.79 billion.
After delaying liberalisation for foreign banks by over a year due to global financial meltdown, the Reserve Bank on Tuesday decided to review its position by September this year in the wake of improving conditions worldwide.
Till now, the maximum Bharat Ratnas were awarded in 1999 when four recipients were given the coveted award.
The government had earlier announced the country's highest civilian honour for L K Advani and Karpoori Thakur.
The Centre on April 19 had announced a ''liberalised'' policy, making all above 18 years of age eligible to get vaccinated from May 1. It has also allowed state governments and private hospitals to purchase vaccines from manufacturers.
India stands out as a poor and very unequal country, with the top 1 per cent of the population holding more than one-fifth of the total national income in 2021 and the bottom half just 13 per cent, according to a report. The report, titled ' World Inequality Report 2022', has been authored by Lucas Chancel, co-director of the World Inequality Lab, and coordinated by several experts, including French economist Thomas Piketty. It further said India is now among the most unequal countries in the world.
Prime Minister Narendra Modi said the liberalisation of policies governing the acquisition and production of geospatial data is a "massive step in government's vision for an Aatmanirbhar Bharat". The reform will benefit country's farmers, start-ups, private sector, public sector and research institutions to drive innovations and build scalable solutions, he said.
'We will be hoisting the tiranga, but this kind of celebration is uncalled for when the farmers in this country are dying by suicides, their families are ravaged by poverty and farmers are not enjoying any freedom.'
Domestic woes of high trade and fiscal deficits, high inflation, low confidence, lack of will for reforms, were adding to the fall of the rupee.
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
Some states have flagged the shortage of vaccines and expressed their inability to start vaccination of people above 18 years from Saturday
India attracted a major chunk of the record $40.1 billion capital that flowed into South Asia in 2006, but restrictive policies could stunt investment growth leading to slower economic expansion, the World Bank warned in a report.
Railway Minister Laloo Prasad Yadav asked private investors on Thursday to avail of the liberalised policies announced by his ministry under public private partnership concept for faster growth of the railways.
Jobs in insurance involve helping people and businesses manage risk, to protect themselves from disaster and losses and to anticipate potential risk problems.
Contradicting Pakistan's claims that India has a higher tariff regime, a World Bank report has said Islamabad's tariffs were 10 per cent higher than that of New Delhi and has asked it to reduce the same through a unified trade liberalisation policy.
The Washington-based Institute of International Finance on Thursday said that Indian government should reduce its role in banking system and further liberalise policies to attract more foreign direct investment.
US aircraft maker Boeing Corp on Monday revised upwards the potential business for aircraft in India to $35 billion in the next 20 years citing the high growth in passenger traffic, entry of private carriers and allowing them to fly on overseas route
On Tuesday, Pompeo and Esper will hold the 2+2 talks with External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh, covering the entire expanse of defence and security ties as well as key regional and global issues.
There is a need for tax reforms in the country in a bolder way, Singh said.
'It is like an island of excellence'.
'It is not with feelings of devotion or piety that these people are gathering.' 'It is mostly with emotions of hatred.' 'Listen to their slogans and their rhetoric and this becomes immediately clear,' says Aakar Patel.
Industry experts on Friday called upon the new BJP-led NDA government to focus on attracting investments in key sectors, especially the infra space, to revive growth and investor confidence.
In Their Shoes is heartwarming, says Sukanya Verma.
Prime Minister Narendra Modi's initial weeks in office and the composition of his national security team give a sense of his government's foreign policy and national security priorities, says Harsh V Pant
'One thing is sure: After this Budget, no Ambani-Adani tag will be attached to the government.'
'The government and corporate sector must join hands to implement action which allows all of India to develop. It would be good for the corporate sector in the long run.' 'It is not that talent is a monopoly of a few castes who have been privileged over centuries. Talent also exists in other groups. They need opportunity and exposure,'
The BJP government is no better than the Congress -- as wretched and anti-people. In addition, it is explicitly and aggressively communal, says Venkatesh B Athreya, in a hard-hitting interview to Shobha Warrier/Rediff.com.
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