While most other big companies like Tata, Mahindra and Reliance remain non-committal on FDI, Nikhil Gandhi was the lone voice supporting 51 per cent FDI through the automatic route.
The government has hiked foreign investment caps.
Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013.
The CAIT has complained to the Commerce Ministry to take action against these companies.
Parliament on Monday witnessed uproar over FDI issue with Opposition members shouting slogans during Question Hour leading to adjournment of both Houses till noon.
One thing is clear we will continue our fight against FDI, says Bardan.
The Commerce and Industry Ministry has circulated a draft Cabinet note for inter-ministerial consultations.
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.
India's foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four months. The forex reserves were last above the $600 billion mark on August 11 this year. "India's foreign exchange reserves stood at $604 billion as on December 1, 2023.
Several CII defence committee members confirm this is now the official CII position, which conforms to that of industry bodies, Ficci and Assocham.
Overall foreign inflows into the country grew by 8 per cent to $ 24.29 in the last fiscal as against $ 22.42 billion in 2012-13.
Mamata Banerjee, who had pulled out of UPA-II over FDI in retail, among other issues, would dedicate mall to people of Kolkata.
The move would help insurance firms to get much needed capital from overseas partners.
FDI inflows into India were $34 billion in 2014, up 22%.
The government has last month significantly liberalised the FDI regime, putting most of the sectors on the automatic route
Currently, FDI up to 26 per cent is permitted through automatic approval route.
FII's too have invested in huge amount in the country
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.
The key sectors that received the maximum foreign investment during the nine months of the fiscal include services, computer software and hardware, telecommunications, chemicals, and the automobile industry.
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.
The loans taken have come down and hence the net capital inflow has reduced.
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.
She also holds the distinction of delivering the longest budget speech at two hours and forty minutes in 2020.
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
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.
Position as most-favoured destination moves down a notch to fourth, says Unctad report.
'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.
The Cabinet can take a decision on the matter only after the Election Commission's approval.
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."
This is the highest in Europe and the third in the world after the United States and China
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.
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.
It has brought down the minimum capital requirement to $5 million from $10 million.
Abu Dhabi's International Holding Company, one of the first high-profile investors in billionaire Gautam Adani's conglomerate, has decided to sell its stake in two Adani companies. In a disclosure, IHC said it has "entered into a definitive agreement with a buyer to dispose of its FDI investment in Adani Green Energy Ltd and Adani Transmission Ltd". It, however, did not name the buyer.
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