'At the first sign of real trouble, that money will move. There will be a run.'
India is a global leader in software development services, IT enabled services, knowledge process outsourcing services and contract R&D services relating to software development, Sitharaman said noting these business segments are quite inter-connected with each other.
'We may see even more restrictive policies during 2.0.'
India and the US desire to give preferential market access to each other's businesses and teams of both the countries are working together on the proposed bilateral trade agreement, Commerce Minister Piyush Goyal has said. In February, US President Donald J Trump and Prime Minister of India Narendra Modi announced plans to negotiate the first tranche or phase of a mutually beneficial, multi-sector Bilateral Trade Agreement (BTA) by fall (September-October) of 2025.
'The finance minister has done as much as she can when you look into the fiscal constraints she had.'
'Unsurprisingly, Trump shared Modi's podcast with Fridman on his Truth account.' 'The intentions of Trump, a transactional president, are never easy to tell.' 'We will know in the next fortnight if and when he unfolds reciprocal tariffs on Indian goods, whether Modi's flattering words made any significant difference to Trump's compass,' notes Ambassador M K Bhadrakumar.
Watch all the action from Lok Sabha and Rajya Sabha.
The Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent, with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of the land.
Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its trade pact with the EFTA bloc on these goods over a period of time. India and the four-European nation bloc EFTA signed a trade and economic partnership agreement (TEPA) on Sunday to boost trade and investments between the two regions. The European Free Trade Association (EFTA) members are Iceland, Liechtenstein, Norway, and Switzerland.
The winter session of Parliament has already witnessed several disruptions and adjournments. In Tuesday's session, the Opposition is again expected to give a tough time to the Congress-led United Progressive Alliance government over the issue of FDI in retail.
The winter session of Parliament has already witnessed several disruptions and adjournments. In Tuesday's session, the Opposition is again expected to give a tough time to the Congress-led United Progressive Alliance government over the issue of FDI in retail.
South Korean envoy described the Posco investment as the biggest FDI project in India.
While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.
Global retail giants, including IKEA, Walmart and Carrefour, are studying the finer details of India's relaxed foreign direct investment norms for the sector as they look to tap opportunities in the country.
DIPP had proposed 100% FDI in Railways, which it had to now scale down to 74% in certain areas
India is in favourable position to attract foreign firms planning to relocate their manufacturing bases due to trade tension between the US and China, says Nomura.
AAP, set to form the government in Delhi, had said it was opposed to foreign direct investment in multi-brand retail.
The government is confident of meeting the fiscal deficit target of 5.9 per cent of gross domestic product (GDP) and the nominal GDP target of 10.5 per cent despite pressure in the initial months of FY24, Economic Affairs secretary Ajay Seth told Business Standard. Normally the initial months of any financial year see proportionally a higher fiscal deficit because the expenditure is evenly paced while revenue picks up in the later months, he said. "This year the proportional fiscal deficit so far is much closer to the target than in most other years.
FDI inflows into India were $34 billion in 2014, up 22%.
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.
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.
In effect, the government proposes to relax the norms with regard to foreign participation in multi-brand retail by opening up these specialised sectors, while keeping grocery and consumer goods retail out of bounds. The move comes months after the Left parties, which were opposed to any relaxation of FDI norms for the retail sector, pulled out of the United Progressive Alliance government.
"AAP has done a fabulous job highlighting corruption and governance issues and have a good platform for that, but their economic platform is very scary," Venktesh Shukla, president, The Indus Entrepreneurs Silicon Valley, the largest TiE chapter, told Rediff.com. "Valley investors are watching India minutely; the next few months are very crucial for Silicon Valley investors."
Here is all that is happening in Rajya Sabha today.
WATCH LIVE: FDI debate in Rajya Sabha
The Indian government has simplified FDI policy inorder to attract global retail chains.
WATCH LIVE: All the action in Rajya Sabha
WATCH LIVE: FDI debate in Lok Sabha
Watch all the action that happens in Parliament LIVE on rediff.com
'One of the biggest employment generators, the MSMEs, have not got much from the government.'
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
Indian non-store market set to touch Rs 57,500 crore by the end of the year.
Income from renting of properties is taxed at a flat rate of 10%.
Even if it wants to censor what you read, watch, or consume, the amount of content online is so huge that it is physically impossible for any government to do it, notes Vanita Kohli-Khandekar.
According to experts, this will have major impact on new investments by Chinese players in companies, such as Paytm, Ola, BigBasket, Byju's, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding. Chinese investors, such as Alibaba, Tencent, and Xiaomi, are active in the Indian start-up space, and have collectively invested billions of dollars.
Speaking at a defence industry outreach seminar, PM Modi said India's self-reliance on defence capabilities will boost its standing of being a net security provider in the Indian Ocean and make it a defence supplier for many friendly countries, depending on strategic ties.
Walmart is happy with its current partnership with Bharti.
'Earlier-than-expected tapering from the US, followed by rate hikes, and locally, a potential third wave, which mimics the second wave in terms of severity.'
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