It is understood that the agency wanted to put a fresh set of questions to him regarding the deal and hence had asked him to appear.
The demand for a Joint Parliamentary Committee probe into disclosures by retail giant Walmart on lobbying in India was made by several members in the Lok Sabha on Tuesday.
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.
China's government has been fine-tuning economic policy settings since the autumn of last year as the outlook for the global economy darkened, export growth sank and capital inflows - a core component of money supply stalled, according to a Reuters report.
The RBI governor is focused on growth, and keeping rupee slightly depreciated is part of that 'Atmanirbhar Bharat' strategy.
The winter session of Parliament on Thursday got off on a stormy note with the first day getting washed out over foreign direct investment in retail even as an effort by Trinamool Congress to bring the no-confidence motion flopped due to lack of requisite numbers.
BJP's senior-most leader L K Advani tells Neerja Chowdhury that though the FDI in multi-brand retail decision was taken by an executive order, a "roll back is possible if there is a resolution by Parliament to this effect".
Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Addressing a press conference to announce more stimulus measures to boost growth, she said macro-economic indicators are pointing towards recovery. She noted that COVID-19 active cases have declined from over 10 lakh to 4.89 lakh with case fatality rate (CFR) at 1.47 per cent.
Union Minister Nirmala Sitharaman was on Monday critical of RBI Governor Raghuram Rajan's description of Indian economy as the "one-eyed king in the land of the blind", saying better words should have been used.
The Supreme Court's decision to take up the case on Friday without granting him any interim relief, put to rest all the strategies being worked upon.
At the same time, Indian companies with a majority foreign shareholding could find it difficult to make 'downstream' investments since the new guidelines do not distinguish between different forms of capital and treats them as FDI. So, a company with high non-FDI foreign capital was considered an Indian entity. Now, they will be considered foreign-owned and their downstream investments will have to follow sectoral restrictions.
As Amazon India, Flipkart are forced to shut down 60 categories and push out 45 mn products, a new lobby group comprising sellers is in the making to take up e-com concerns.
Govt keen to revive business sentiment in india.
The move is likely to hit Bharti-Walmart, the 50:50 joint venture between the US' Walmart and Sunil Mittal-led Bharti Group that operates cash-and-carry outlets in India, the most.
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The Indian Consulate in Guangzhou has organised a face to face interaction with Chinese investors to make a case for them to step up investments in India, a press release from the Consulate said.
The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp, Honda Cars India, Mahindra & Mahindra, Tata Motors and Hyundai Motors India as their plants in various parts of the country functioned normally.
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
Exports have to be the growth story of any country in the world and it is the same for India
'Life will not improve overnight; it will happen in a gradual manner.'
Prime Minister Narendra Modi said on Tuesday that the Netherlands is a natural partner in India's economic development and thanked the key European nation for backing India's Missile Technology Control Regime membership.
Unhappy over several decisions of the government, major trade unions and independent federations will observe a nationwide protest day tomorrow
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Traders were up in arms, fearing huge job loss if Walmart was to enter.
The USS John Paul Jones acted like a dog marking the lamp post, observes Ambassador M K Bhadrakumar.
"We want to trade even more," US President Barack Obama said on Sunday as the two-way commerce between America and India touched a record $100 billion.
'A bold, progressive step forward,' Kotak Mahindra Bank CEO Uday Kotak said of Nirmala Sitharaman's corporate tax breaks.
May include 'influencing a company's major policy decisions' in the current meaning.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
The regulator last week reached out to custodians for beneficial ownership information of investors coming from China, Hong Kong, and 11 other countries.
In another round of economic booster, Sitharaman announced steps to help homebuyers and push exports.
Many private economists consider the deficit target optimistic, citing weak tax receipts in a sluggish economy and high federal expenditure commitments.
A heavy agenda including the ordinance on the Food Security Bill awaits the Monsoon session of Parliament beginning on Monday amid expectations that the short sitting will be more businesslike and smooth as compared to the din and dust in the last few sessions.
He said India needs huge amounts of energy for development but will do whatever it can to deal with the problem of climate change as it sees the world as one family.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
"I think very soon. We are doing very well. (US Trade Representative) Robert Lighthizer who is right here negotiating with India... I think, very soon we will have a trade deal," Trump told reporters when asked if there is any trade deal is expected between India and the US.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
The two-day media conclave of Congress will begin in New Delhi on Monday seeking to tone up its communication strategy in states and propagate UPA's achievements among the masses ahead of the next General elections.
E-commerce model appears to be the best bet available to US retail giants at this point to tap the Indian market.
After presenting his first railway budget, Mallikarjun Kharge on Wednesday said he was not for populism but wanted to be "realistic" to ensure that the national transporter thrives for the people of the country.
Global investment is agnostic when it comes to nationalism, says Kanika Datta.
Most e-commerce firms with 'Singapore holding structures' would opt out of the new Sebi platform
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