Hong Kong-based Hutchison Telecom Limited is expected to submit details of loans to two Indian minority shareholders this week to the finance ministry, which is looking into alleged breach of foreign direct investment norms in Hutch-Essar.
The Government on Thursday approved 48 foreign direct investment proposals aggregating Rs 793.90 crore (Rs 7.94 billion), including Reliance Energy's Rs 450 crore
Long term foreign investment necessary for the economy as it more stable.
Volatility in investments concern for RBI.
Since MAAFs invest across multiple asset classes, they offer diversification.
Do you, dear readers, believe that India needs FDI in retail sector or do you feel that it will be detrimental for the economy?
Stories are legion about the Karatmeter's use at that time. Hundreds of people standing in queue for testing, customers breaking down after discovering the actual purity of their jewellery and then becoming irate about the jeweller who had gypped them, the local jewellery industry leaning heavily on the Tanishq franchisees to desist from using it, some jewellers even threatening violent action.
International multi-brand retail chains have all pushed their India plans to 2013.
A recent public interest suit in the Supreme Court over foreign direct investment (FDI) in retail may have thrown the industry into a tizzy, but lawyers, constitutional experts and government officials indicate the multi-brand retail FDI policy is unlikely to get derailed over Fema.
The government has approved 16 foreign direct investment proposals, including that of Russia telecom firm Sistema and Italian fashion retailer Dolce & Gobbana, envisaging a total inflow of Rs 647.48 crore (Rs 6.47 billion).
Government said consultations are on to arrive at consensus on allowing FDI.
Is this a new "secession of the successful", coming a generation after the flight of professional middle class talent that created the so-called global Indian diaspora?
The government has often defended its decision to open multi-brand retail to foreign direct investment (FDI) by saying modernisation of the sector through fresh investment would bring down wastage of fruit and vegetables.
The move came as the country badly needs capital inflows as the rupee comes under pressure
The apex court asked Reserve Bank of India to amend Foreign Exchange Management Act regulations within two weeks to allow implementation of FDI in retail sector.
USIBC urged a serious evaluation of a more specialised bilateral economic arrangement.
The money-laundering case was filed by the ED after taking cognisance of a CBI FIR against the accused, whom the latter agency had booked for alleged violations of the Foreign Contribution (Regulation) Act (FCRA), 2010 and under section 120B (criminal conspiracy) of the Indian Penal Code.
Leading corporate lawyers and accounting firms have swung into action to interpret the grey areas in the multi-brand retail FDI policy and suggest follow-up action to clients before they start striking deals.
After the UPA tried unsuccessfully since 2010 to raise the 26 per cent cap on foreign direct investment (FDI) in defence production, a move that indigenous defence companies and former Defence Minister AK Antony resisted staunchly, the new government has initiated a fresh attempt along the same lines.
Kingfisher has said it is in talks with foreign carriers for bringing in FDI, a move that is expected help it overcome financial troubles.
Govt to review decision after demand assessment.
Gujarat Chief Minister Narendra Modi was the cynosure of attention at the closed-door BJP national executive at Surajkund. Intervening in a discussion on foreign direct investment in retail, Modi asked other Bharatiya Janata Party leaders to go full hog on the issue by holding not less than 5,000 public meetings -- at least 10 in each Lok Sabha constituency -- to win over traders and farmers against foreign retailers to expose the Congress' hype on reforms to deflect attentio
The government made these changes in the third edition of the Consolidated FDI Policy Circular, a ready reckoner on foreign investment-related regulations that was released in New Delhi on Thursday.
Given the concerns around trade wars that threaten to jeopardise global capital flows as well, attracting foreign capital needs to be a policy priority, says Neelkanth Mishra.
India's largest traders' association CAIT on Tuesday said few multinational e-commerce giants with a heavy arsenal of funding are attempting to flout foreign investment guidelines for the sector and demanded strict enforcement action. Releasing a whitepaper on the e-commerce policy, the Confederation of All India Traders (CAIT) said e-commerce entities have "structured their relationship as marketplace with sellers in a such a way that they are in a position to control either seller on their platform or the inventory and also escape the scrutiny of the enforcement agencies." "Under the guise of such control or ownership over sellers, the issue also permeates from being a mere FDI policy violation to also being an anti-competitive conduct," it said.
The Government on Thursday said foreign direct investment will not be allowed in housing projects for urban poor.
India must integrate more with East Asia by getting into regional trade arrangements, lower its tariff walls, and improve the quality of its workforce, suggests T N Ninan.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances