The Enforcement Directorate (ED) is probing alleged fraudulent foreign funds infusion of more than Rs 86 crore into a company that runs the NewsClick portal even as it is expected to soon file a charge sheet in the case being probed under the anti-money laundering law, official sources said on Monday.
FDI inflows into India were $34 billion in 2014, up 22%.
The move would help insurance firms to get much needed capital from overseas partners.
The CBI registered an FIR against NewsClick and its founder Prabir Purkayastha for alleged violation of the Foreign Contribution (Regulation) Act and carried out searches at the office and residence of the portal's founder on Wednesday, officials said.
FII's too have invested in huge amount in the country
The loans taken have come down and hence the net capital inflow has reduced.
As per the current policy, 100 per cent foreign investment is allowed in scheduled air transport service, domestic scheduled passenger airlines and regional air transport
Foreign direct investment (FDI) in India has declined by six per cent to $5.47 billion during January-March quarter of the current calender year even as government is making efforts to promote the country as an investment destination.
Soft drink major Coca Cola's Rs 549 crore (Rs 5.49 billion) proposed investment in its Indian arm was among the 25 FDI proposals totalling 773.52 crore (Rs 7.73 billion) cleared by Finance Minister P Chidambaram on Thursday.
He said with an aim to make the FDI policy user friendly, all prior regulations and guidelines have been consolidated into a comprehensive document.
South Korean envoy described the Posco investment as the biggest FDI project in India.
Position as most-favoured destination moves down a notch to fourth, says Unctad report.
A day after winning Parliament's approval to the decision of allowing FDI in retail, Prime Minister Manmohan Singh on Saturday said the move will benefitfarmers and consumers and help introduce new technologies in agri marketing.
Arun Jaitley has clarified his custodianship of 3 ministries - finance, corporate affairs and defence.
This is the highest in Europe and the third in the world after the United States and China
The Cabinet can take a decision on the matter only after the Election Commission's approval.
She said during Question Hour in Rajya Sabha that Bharatiya Janata Party got a massive mandate on the basis of its election manifesto which opposes FDI in multi-brand retail.
Jaitley praised the DRDO saying it was "doing quite a lot to meet the requirements of the armed forces but the Services need much more and that will come through domestic industry."
'Hundreds of thousands of people who earn their livelihood from the 12 million existing retail outlets may be put out of business by Big Retail,' says Bhavdeep Kang.
It has brought down the minimum capital requirement to $5 million from $10 million.
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.
The government has asked industry to provide a list of Chinese suppliers that would like to shift some capacity to India provided they are willing to set up JVs with Indian companies.
India's global ranking as a destination for FDI has fallen from eight to 14.
The question is not whether FDI in multi-brand retail is desirable or not, but whether the rules of conducting business in Parliament need to be reviewed.
In October 2011, the country had attracted FDI worth $1.16 billion.
India's current account deficit narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI data showed on Tuesday. However, for the 2022-23 fiscal, the current account balance recorded a deficit of 2 per cent of GDP compared to 1.2 per cent in 2021-22. "India's current account deficit (CAD) decreased to $1.3 billion (0.2 per cent of GDP) in Q4:2022-23 from $16.8 billion (2.0 per cent of GDP) in Q3:2022-231, and $13.4 billion (1.6 per cent of GDP) a year ago [Q4:2021-22]," as per the RBI's 'Developments in India's Balance of Payments during the Fourth Quarter (January-March) of 2022-23'.
Scouting for resources to meet its fund crunch, Railways is open to the idea of even 100 per cent FDI in its infrastructure development but would keep train operations out of its ambit.
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
FDI inflows into services sector grew by about 47 per cent to $2.64 billion in April-January last fiscal.
Out of 2,852 stocks traded on the BSE, 1,515 declined while 1,219 advanced.
'My understanding is that by the time President Xi Jinping came for the Chennai summit [2019], he had already instructed his army to undertake the action in Galwan in the summer of 2020.'
For now Walmart has said it remains optimistic about India. But that could change without prior notice, says Nivedita Mookerji.
A committee of secretaries will be meeting soon to consider a draft proposal, which suggests that decision-making on all policy issues pertaining to FDI be transferred from the Department of Industrial Policy & Promotion (DIPP) in the Ministry of Commerce to the Department of Economic Affairs (DEA) in the Ministry of Finance.
Contesting the US charge that Indian FDI rules are "opaque", Commerce and Industry Minister Anand Sharma on Tuesday said the country follows a simplified direct investment regime.
The CPI on Friday said it was opposed to divestment and entry of foreign direct investment in certain sectors like retail trade, media, telecom and finance.
Opposing Foreign Direct Investment in multi-brand retail, the Samajwadi Party on Tuesday said that the move is not in the interest of the country.
Overall foreign inflows in the country rose by 27%.
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