The government is likely to restrict foreign direct investment in stock exchanges to 49 per cent. This follows a Reserve Bank of India suggestion for limiting FDI in stock exchanges some time ago.
After topping it for two consecutive years, Gujarat slipped three places on the NITI Aayog's Export Preparedness Index (EPI) for 2022, as Tamil Nadu emerged as the most export-ready state, the central think tank said in its report released on Monday. In a continuing trend, coastal states were found to have the most robust export infrastructure, which officials attributed to the integration of maritime trade into the core of their economies. Maharashtra and Karnataka retained their positions -- second and third, respectively; Haryana was ranked first among landlocked states and fifth overall.
Others like IBM, Coke and Pepsi also lobby for foreign markets.
The government's decision to completely open FDI in single brand retail is unlikely to have any significant change as foreign firms will be deterred by the 30 per cent sourcing clause, say industry players.
Karnataka is currently the second largest recipient of foreign direct investment in India, as it approved 934 FDI proposals worth Rs 7826 crore (Rs 78.26 billion) during this year.
Encourage domestic savings by providing tax incentives for investment in insurance and pension schemes.
India is poised to achieve the target of attracting $10 billion of foreign direct investment this year as inflows have nearly doubled to $4.4 billion in April-September 2006.
Citing India's World Trade Organisation commitments made in 2003, Higher Education Secretary R P Aggarwal said, "The government has proposed 100 per cent FDI in higher education in all institutions."
The $31-billion company, which sources around 30 per cent of its global consumption from India, had also criticised the Indian government for not opening foreign direct investment in single brand retailing.
Not just Tesco, Auchan, Walmart, even Biyani & Reliance keen on food FDI: Harsimrat Kaur Badal
In India, it is markets that sustain the farmers and not subsidies. We are therefore importing a failed model from America.
A survey, with over 3,700 respondents across digital platforms, found that transparent taxation has been one of the most significant initiatives of the government followed by the production-linked incentives (PLI) scheme, equalisation levy and new labour codes.
Watch all the action from Lok Sabha and Rajya Sabha.
The adjudicating authority of the Enforcement Directorate ED has adjudicated a show cause notice issued to Amnesty India International Pvt Ltd (AIIPL) and its CEO Aakar Patel for contravention of the provisions of Foreign Exchange Management Act and imposed a penalty of Rs 51.72 crores and Rs 10 crores respectively on them, the probe agency announced on Friday.
'As long as people are willing to compromise on quality for a lower price, the unorganised retail sector will stay.'
The Aam Aadmi Party's decision to disallow foreign direct investment (FDI) in Delhi's retail sector has a taker of sorts in economics Nobel laureate Joseph Stiglitz.
Foreign inflows, in August 2012, had declined by 20 per cent to $2.26 billion after registering an increase in July at $1.47 billion.
The Department of Industrial Policy and Promotion (DIPP) has finally sanctioned the proposal of allowing foreign direct investment (FDI) from Pakistan. But the final notification will be issued by the Reserve Bank of India (RBI) within the next couple of weeks. The move will be unprecedented in the bilateral trading relations between both the nuclear-armed neighbours.
This law will further promote inclusive economic growth targeting a larger population and enabling deeper insurance penetration.
The organised market is likely to grow to Rs 4.8 trillion by 2016-17.
Mobile television allows the consumers to watch live as well as pre-recorded television content on a mobile handset using a specialised mobile television broadcasting technology. Currently, only video clips can be downloaded on mobile handsets.
Foreign direct investment to India dipped to $1.49 billion in February from $5.67 billion a year ago amid the global credit crunch, but inflows in the 11-month period (April-February 2008-09) of the fiscal have already crossed the inflows in the entire preceding fiscal.
West Bengal Chief Minister Mamata Banerjee is trying to bluff people with her opposition to FDI in multi-brand retail, Left Front chairman Biman Bose said on Monday and questioned the purpose of her meeting with the United States secretary of state and the US ambassador to India.
The amendment would help check round-tripping of funds and boost the domestic consumption, Jaitley added
The country has received investments worth $1.6 billion in the first four months of the current fiscal.
Shortlisted bidders have been intimated
The government on Monday said the decision to increase FDI limit to 74 per cent in the non-news sector of the print media would make India an international printing hub giving a major boost to trade in the sector.
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After a high-level meeting held on Friday chaired by Prime Minister Manmohan Singh, it has been decided that the Commerce and Industry would soon start a consultation process to address 'dangers inherent' in the current model of FDI in brownfield pharma units.
On the face of it, the country attracted FDI worth $22.52 billion between January and September, 2011 against $15.97 billion in the same period last year.
The Foreign Investment Promotion Board headed by Economic Affairs Secretary Arvind Mayaram, also cleared the proposal of Decathlon Sports India's proposal for induction of foreign equity worth Rs 700 crore (Rs 7 billion) to engage in single brand retail.
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.
CPI(M) on Wednesday said it has no objection to the Cabinet decision on raising FDI cap to 49 per cent in domestic private airlines but the party's concerns still remain in other areas of the civil aviation sector.
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