The finance ministry has given its consent to the draft Cabinet note on opening the multi-brand retail to foreign investment, an official said.
Jaitley evaded vital questions on this issue.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
The Election Commission (EC) has raised certain questions on the government's proposal to allow foreign direct investment (FDI) in the construction and maintenance segments of the railways.
State sheds laggard tag, emerges as leader among peers.
The Cabinet can take a decision on the matter only after the Election Commission's approval.
Bihar, Uttar Pradesh and Jharkhand will have to do a significant amount of catching up.
DIPP had proposed 100% FDI in Railways, which it had to now scale down to 74% in certain areas
Although the idea is to focus on all states to turn India into a global manufacturing hub, the department of industrial policy and promotion, the nodal agency to carry out the campaign, has selected a handful of states that have a sound industrial backbone such as Maharashtra, Tamil Nadu, Karnataka, Gujarat, Andhra Pradesh, Telangana and others.
Seven months down the line, not much progress has been made, except that the scheme is still being fine-tuned.
The event will aim at drawing foreign investment in startups and push local partnerships.
Move to impact joint ventures in telecom, insurance, broadcasting.
The Swadeshi Jagaran Manch has pointed out that these firms pose a threat to domestic manufacturing and retailing as they do not pay relevant taxes such as GST, giving them a huge edge over local players.
It rained investments on India as the Make In India programme, envisioned by Prime Minister Narendra Modi with a focus on the manufacturing sector, raked in Rs 15,20,000 crore in committed investments.
A total of 728 applications have been received till July 18, 2016 for Start Up recognition.
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Govt unveils reforms that cuts down time and bureaucracy.
'India will jump 30-40 places in the World Bank ranking of ease of doing business next year.'
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Government seeks stakeholders' comments by Jan 30 on discussion paper.
The government is likely to exempt iPhone and iPad maker Apple from mandatory local sourcing rule, a move which would pave the way for tech giant opening single-brand retail stores in the country.
It's not the first time Katrina Kaif has taken style lessons from Deepika Padukone.
After 100% FDI, DIPP has put a condition an e-commerce entity will not be permitted more than 25% of sales through its marketplace from one vendor or their group companies
The state is planning an event similar to PM Narendra Modi's Startup India.
FII's too have invested in huge amount in the country
'Actor Aamir Khan damaged the "brand India" while being the brand ambassador of the celebrated 'Incredible India' campaign.'
India's rank inched up by just one position to 130 in last year's Doing Business Survey by the World Bank.
One of the beneficiaries is Jindal Steel and Power, which had earlier been kept out of procurement for rails
The other sectors where inflows have declined include pharmaceuticals ( $680 million).
It will provide a single-stop shop for all business licences and permits, eliminate the need for a physical interface with various regulatory authorities at the central, state and local government levels and provide all business-related information 24x7 on a single portal.
IKEA's proposal was withdrawn from the December 31 meeting agenda of the Foreign Investment Promotion Board, as more information was sought from the company regarding its foreign direct investment plans in India.
The government on Thursday clarified that the multi-brand retail store set up by a global retail entity will have to be 'company owned and company operated' and not operated by any franchisee.
US-based Walmart and UK-based Tesco have sought clarifications from the Department of Industrial Policy and Promotion on whether they could set up warehouses in states which are against the Centre's retail FDI policy.
UK's largest retailer Tesco, Singapore Airlines and Etihad queued up to invest in India as a persistent UPA threw open more sectors to foreign investments with indications of more big ticket deals to be announced in the new year.
India received foreign direct investment (FDI) worth $1.79 billion in February, 2013 -- a decline of about 19 per cent due to global economic slowdown.
Govt moves to bring in more clarity on definition of 'control'.
Foreign Direct Investment (FDI) as a source of funding has shrunk to a trickle for the once lucrative telecom sector with foreign investment inflows plunging to $43 million in the April-September period of the current fiscal.
This was in response to the assertion of some officials of the finance ministry and the Department of Industrial Policy & Promotion that a strategically placed comma in DIPP's press note on FDI in civil aviation meant foreign airlines were allowed to hold up to 49 per cent stake in existing Indian carriers, as well as new airline companies being set up.
Even as the government today gave Saurabh Chandra, secretary, department of industrial policy and promotion (DIPP), the additional charge of secretary, Department of Commerce, Dinesh Kumar Mittal has emerged as the front runner for the post.
Nike has about 400 stores in India.
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