Markets regulator Securities and Exchange Board of India (Sebi) is stepping up efforts to ease the onboarding of foreign portfolio investors (FPIs) and has constituted a cell for consultations with offshore investors and custodians, said whole-time member Ananth Narayan. Sebi is also working to make regulations more "light-touch" for FPIs that invest exclusively in government securities or are sovereign funds. The regulator is trying to make the registration process easier for such FPIs, the Sebi official said at the CII Financing 3.0 Summit in Mumbai.
'India needs to be cautious that its differences with Pakistan do not obstruct SCO's functioning,' says Sana Hashmi.
The government plans to issue UID numbers to 600 million people by 2014.
The development comes on the heels of reports that CBI is planning to lodge an FIR against the officials of Airbus' parent company EADS, Indian Airlines and the aviation ministry for the inordinate delays in executing the project.
The meltdown impact was clearly visible in October, when exports declined by 15 per cent. The government has set a target of $200 billion in the backdrop of $162 billion in 2007 08. However, several agencies like global consultancy firm Dun and Bradstreet have expressed doubts whether the growth momentum could be sustained.
Jaishankar said he was confident that Prime Minister Modi and President Putin will meet for an annual summit next year.
Delivering a thinly veiled message to Pakistan from its soil, External Affairs Minister S Jaishankar on Wednesday said activities across borders characterised by the 'three evils' of terrorism, extremism and separatism are unlikely to encourage trade, energy flows and connectivity.
'The 2024 election results will lead to much intense targeting of Modi, more intense debates, many more breakdowns in Parliament and many more movements on the streets.' 'The results have hit Modi's standing, and the politics of the Opposition parties will be sharply focused to ensure that Modi doesn't get back his charisma of being 'invincible' with help of State power.' Sheela Bhatt looks at the political situation through the prism of 2024 Lok Sabha election results.
US Principal Deputy NSA Jonathan Finer said the US and India have a "complicated history" and they have not always been "wholly aligned".
The United States on Monday ruled out cutting farm subsidies unilaterally, but said it was open to talks on the subject with a view to restarting the Doha Round of negotiations at the World Trade Organisation.
India will go beyond being a services hub to become the food factory of the world, and the industry must come together on this front.
Right to shelter should be embedded in a separate legislation as the problem is complex in view of the fact that housing is essentially a state subject, Singh said at the India Economic Summit in New Delhi.
"We are not only looking in India but scouting for acquisitions in the US, China and Europe. But, if pricing goes up, it can be affected."
Prime Minister Manmohan Singh said on Sunday India would continue to work with like-minded people to make the Copenhagen climate change conference a success.
The Nand & Jeet Khemka Foundation and The Schwab Foundation for Social Entrepreneurship, in collaboration with United Nations Development Program (UNDP) and Confederation of Indian Industry (CII), have opened nominations for India's 'Social Entrepren
The government may look at relaxing 5,000 hectare-ceiling on land for Special Economic Zones once the the Land Acquisition Act is in place, commerce secretary G K Pillai said on Monday. "Now that the new Relief & Rehabilitation policy has come into being, the government may think of relaxing the upper limit of 5,000 hectares for SEZs (once the land acquisition law is enacted), he said on the sidelines of the India Economic Summit.
Ways to expand cooperation with East Asian countries will top the agenda of two-day visit of Prime Minister Manmohan Singh who left for Singapore on Tuesday to attend the ASEAN and East Asia Summit. Noting that the trade between India and the ASEAN had been growing rapidly, Singh said it had "surpassed" the expectations as it stands at $30 billion.
The minister was also hopeful that economic growth would touch 9-10 per cent towards close of the 11th Five-Year Plan ending 2012.
He urged China to bolster the flow of its tourists to the Maldives.
Though India is not a member of the G-7 grouping, Modi has been personally invited by French President Emmanuel Macron.
Johnson also reiterated his plan to visit India ahead of the G7 summit, after a scheduled visit for Republic Day this month was called off due to the coronavirus crisis.
Prime Minister Narendra Modi has said that India's economic growth is a 'natural by-product' of his nine-year-old government's political stability, as he expressed optimism that it will be a developed nation by 2047 with 'corruption, casteism and communalism' having no place in our national life.
Union Finance Minister Arun Jaitley said despite a global slowdown and its impact on countries, India remains insulated from the economic fallout.
India had planned to end the Eleventh Plan with a growth rate of 10 per cent but the global financial meltdown derailed it.
Prime Minister Narendra Modi on Tuesday said India will become the growth engine for the world in the coming years, and the ease of doing business has improved with "mission-mode" reforms being undertaken by his government. Speaking at the BRICS Business Forum Leaders' Dialogue in Johannesburg, Modi also said India soon will become a $5 trillion economy.
The country's third largest software exporter, Wipro Technologies, on Tuesday said it is looking for an acquisition in the BPO space, which is likely to be the next engine of growth for the IT industry.
The US "Indo-Pacific Strategy" is bound to be a failed strategy, Wang said in the comments posted by the Chinese foreign ministry on its website.
It has to put in place the physical and social infrastructure for getting an international finance centre along with expediting reforms in the financial sector.
NIIT Technologies said on Tuesday it has got the regulatory approval to set up a special economic zone in Greater Noida.
It will be Putin's first participation in a multilateral summit after a mercenary group launched a short-lived armed rebellion last week that rocked Moscow.
On India strategy, Barclay said it would continue to grow the business in the same way as it has been growing in the last 5 years.
While Narendra Modi spent fewer days abroad than his predecessor -- 275 days versus Dr Singh's 306 - he has travelled more widely than any other Indian PM.
The Confederation of Indian Industry will organise a round table on investment.
India is well positioned to lead the global transitions of digital and artificial intelligence, energy, value supply chains, and the country's growth journey will shape the world's future, B20 India chair N Chandrasekaran said on Friday. In his address to the B20 Summit India 2023, Chandrasekaran, who is also the chairman of Tata Sons, asserted that India stands as a beacon of growth and positively stands out in the global economy, which is facing strong headwinds, tightest rate cycle in decades and record levels of public debt. "The world is currently navigating through three important fundamental transitions.
Amid an uproar over corruption in Parliament, leading industrialist Rahul Bajaj on Tuesday hit out at large corporate houses that pay bribes to get jobs done and claimed he never did it.
The government will come up with a legislation, which will have a fiscal package, including a 20-year income tax holiday for special economic zones, by December end, a top government official said on Tuesday.
The US Congressman, who had once demanded that Washington cut off aid to India, expressed support for the nuclear deal on Monday
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