To boost Make in India in defence production, Finance Minister Nirmala Sitharaman on Saturday said foreign direct investment limit in defence manufacturing will be hiked to 74 per cent from 49 per cent while some weapons and platforms will be banned for imports.
Though FDI inflow has been on the rise in the past three years, it is mostly on account of services
DIPP had proposed 100% FDI in Railways, which it had to now scale down to 74% in certain areas
China said on Monday the additional barriers set by India for investors from specific countries violate the World Trade Organisation's principle of non-discrimination, and go against the general trend of liberalisation and facilitation of trade and investment. "More importantly, they do not conform to the consensus of G20 leaders and trade ministers to realise a free, fair, non-discriminatory, transparent, predictable and stable trade and investment environment, and to keep our markets open," said a statement issued by the Chinese embassy in New Delhi.
Towards the close of 2013, the finance ministry approved the proposal of UK-based Tesco to invest $110 million in opening up of multi-brand retail stores in the country in partnership with Tata Group firm Trent.
High FDI inflows have big benefits for any economy. India thus needs to attract more investment.
AAP, set to form the government in Delhi, had said it was opposed to foreign direct investment in multi-brand retail.
Services attract highest foreign direct investment, despite Make in India push.
Market place model of e-commerce means providing of an IT platform by an e-commerce entity on a digital and electronic network to act as a facilitator between buyer and seller.
In a major reform push, government on Thursday approved 100 per cent foreign direct investment (FDI) in the telecom sector, meeting a key demand of the fund-starved industry.
The deficit increased to $ 57.2 billion or 2.1 per cent of gross domestic product (GDP) in 2018-19 as against 1.8 per cent in the previous year.
At present 100% FDI is allowed, of which up to 49% investment in a company can be done through the automatic route
FDI inflows to India are picking up.
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.
Moving ahead with the economic reforms, the Cabinet tonight cleared the long-delayed proposal for raising FDI limit in defence to 49 per cent and fully opened up the railway infrastructure segment, like high-speed trains, for foreign investment.
Ideas don't have border controls and visas.
No one's quite sure on the retail FDI issue in this regard, after the new Rajasthan and Delhi governments cancelled the approvals given by their predecessors
The private sector, the Prime Minister said, needs an environment in which enterprise can flourish and create both jobs and stimulate growth to ensure that it remains inclusive.
Sectors that attracted maximum FDI include services, trading, automobile and power.
Ecommerce firms will have it tough as govt turns down FDI proposal.
Prices may go up because of higher energy costs, caused by the rise in shipping charges, with commercial vessels taking a longer route to avoid the troubled Red Sea region, the finance ministry said on Monday. Iran-backed Houthi rebels of Yemen are repeatedly attacking ships in the Red Sea. While the global economy is grappling with challenges such as sticky inflation, sluggish growth, and mounting fiscal pressure, India's external sector could face "potential risks" due to the ongoing geopolitical tensions, according to the finance ministry's report on the review of the Indian economy.
PM says FDI decision shows 'unwavering' commitment to reforms.
The investment limit for foreign entities in Indian stock exchanges will be enhanced from 5 per cent to 15 per cent on par with domestic institutions.
Foreign direct investment (FDI) inflows into India in 2010 are said to have decelerated by 31 per cent in 2010, according to a report by the United Nations Conference on Trade and Development (UNCTAD), which is based on data from the Reserve Bank of India (RBI).
West Bengal Chief Minister Mamata Banerjee on Thursday criticised the Narendra Modi government over foreign direct investment in defence and railways, claiming a 49 per cent FDI cap in defence "will put a question mark" on the safety and security of the nation.
Local traders are evaluating other options rather in FDI.
Recent easing of restrictions does not address the pain in the sector.
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The Railway Budget is likely to be presented in the second week of July.
Mauritius FDI source for India during Apr-Dec.
The Enforcement Directorate has upgraded its Look out Circular (LC) issued against Byju's founder and CEO Byju Raveendran in connection with a FEMA probe, seeking to stop him for going abroad. The earlier such alert meant that immigration authorities had to just intimate the agency about his movements through various ports. Official sources said that the over an year old LC was revised sometime back in light of investors' concerns and ongoing adjudication of a FEMA contravention case against Raveendran and some others.
FDI in drugs and pharmaceuticals was $487 million during April-August 2012, according to the latest data of the Department of Industrial Policy and Promotion.
Relaxing FDI norms will provide a major impetus to employment and job creation.
India is one of the fastest growing FDI sources for the United States with investors from the country more interested in US' aerospace and textile sectors.
RSS-aligned Bharatiya Mazdoor Sangh (BMS) on Monday expressed disappointment over the government's budget proposals with regard to divestment and foreign direct investment, especially in the insurance sector. The BMS, however, lauded the government for its current efforts on the massive vaccination programme, a special scheme for tea workers in West Bengal and Assam, labour oriented push on infrastructure projects in construction sector and development of five major fishing harbours viz. Kochi, Chennai, Visakhapatnam, Paradip, and Petuaghat as hubs for economic activities etc. On other Budget proposals, it said in a statement that "mixing the beautiful concept of Aatmanirbhar Bharat with FDI and disinvestment in the Union Budget is disappointing for the employees".
Foreign direct investment to India is zooming. FDI inflows to the country during 2006-07 surged to a record $16 billion, according to the annual supplement of the Foreign Trade Policy unveiled on Thursday.
A total of 763 FDI proposals worth over Rs 1.78 lakh crore were filed across various states in India during 2011-12, according to Assocham.
The industry ministry in a recent concept paper proposed raising the FDI cap in the defence sector to 74 per cent.
The government decision to permit 100 per cent foreign direct investment in medical devices will take effect from January 21, the Commerce and Industry Ministry said on Tuesday.
UPA key ally Trinamool Congress on Thursday strongly opposed allowing FDI in key sectors like retail, insurance and aviation arguing that it would be harmful for the people of the country.
