The government does not propose to permit foreign direct investment in retail business, Commerce Minister Arun Shourie assured the Lok Sabha on Monday.
The outbound FDI is also expected to increase, resulting in net FDI inflow of $24 billion.
USTR has said India imposed several barriers in major services industries such as insurance, banking, audiovisual, accounting, legal, telecommunications, distribution services, postal and express delivery services.
The Union Cabinet in its decision of November 24, which has since been put on hold, permitted 51 per cent FDI in the multi-brand retail, well above expectations of the Walmart and its Indian joint venture partner -- Bharti Group.
Leader of Opposition in the Lok Sabha Sushma Swaraj on Monday demanded that the United Progressive Alliance government convene an all-party meeting over the issue of Foreign Direct Investment in retail before making any statement on it in the Parliament.
With regard to foreign institutional investors, the survey said that there are signs that FIIs who had recorded net outflows in 2008-09 may have returned to the Indian market in the last two months.
The Union Cabinet on Thursday approved the extension by four months, the deadline for telecom companies to comply with guidelines on Foreign Direct Investment.
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The decision is likely to bring in at least Rs 5 lakh crore of fresh investments into the sector over five years by improving connectivity and competition
FIPB rejects proposals from firms that have not divulged details of beneficial ownership or source of funding
'As our per capita income increases and various demographic segments emerge, the need for various kinds of protection and risk covers will become even more explicit.'
The Indian government on Wednesday permitted owners of the daily foreign newspapers to make 100 per cent FDI (foreign direct investment) in their facsimile editions published in India.
The government on Friday said that the realisation rate of foreign direct investment inflows into India has been the highest in 2002 since 1991 at 191.08 per cent in rupee terms.\n\n\n\n
The government said on Thursday said it will make it clear within 10 days whether foreign players be allowed to hold stake in stock exchanges or not.
In a sudden turn of events, the Centre has decided to put on hold the controversial decision about FDI in retail sector, in an apparent bid to break the Parliament logjam. West Bengal Chief Minister Mamata Banerjee, whose party Trinamool Congress is strongly opposed to the decision, claimed on Saturday that Union Finance Minister Pranab Mukherjee spoke to her and told her that the FDI decision has been "suspended".
A ministerial panel on Thursday urged the government to raise foreign direct investment caps in a host of sectors including telecom, petroleum and civil aviation as part of a move to liberalise the economy.
In India, these global retailers exported goods worth $725 million in 2010. Modern retail constitutes 6.5 per cent of the $435-billion overall Indian retail market.
India's foreign direct investment inflows during the calendar year 2002 increased by a mere 3.5 per cent at $4.43 billion despite the government's continued efforts to liberalise the economy.\n\n\n\n
India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.
Broad consensus is emerging within a Group of Ministers chaired by finance and external affairs minister Pranab Mukherjee on a proposal seeking comprehensive changes in the foreign direct investment policy. This includes scrapping automatic approval in sectors that have FDI limits and in which ownership or control is shifting to a foreign company, and a new definition for calculating indirect foreign equity.
The government on Wednesday said provisions of Press Note 2 (2005 series), which allowed 100 per cent foreign direct investment in townships
CPI leader D Raja also attacked govt for going back on its assurance to hold consultations with all stakeholders.
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The Bharatiya Janata Party on Sunday criticised Prime Minister Manmohan Singh's remarks that those who oppose Foreign Direct Investment in retail are "ignorant", saying it is not the Opposition which is ignorant, but the United Progressive Alliance government and the Congress Party.
India on Tuesday mooted a marketing policy for the sector though domestic players opposed any move to allow overseas investments in the retail space.
Amid a debate within the government on allowing foreign direct investment in multi-brand retail, the nodal consumer affairs ministry is insisting on a foreign direct investment cap of 49 per cent in the sensitive sector, sources said.
The mood in the government seems to have hardened and they do not seem to be in a mood to budge on the issue. Prime Minister Mamhohan Singh indicated as much during his speech at a Youth Congress meet in the capital on Tuesday.
China approved 9,582 new foreign-funded companies in first 5 months.
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Accusing the opposition of spreading misinformation regarding policy initiatives taken by the United Progressive Alliance government, a combative Prime Minister Manmohan Singh on Sunday said reform measures, including FDI in retail, will benefit the common man and create more jobs.
Why the Union Cabinet was so impatient to allow FDI in multi-brand retail flummoxed many.
The real estate industry is divided over the impact of the proposed foreign direct investment (FDI) in multi-brand retail.
