Worried over excessive outflow of foreign exchange as royalty and fees for technology transfer and use of brand names, Commerce and Industry Minister Anand Sharma wrote to Finance Minister P Chidambram on the matter.
The industry is counting minutes and hours in the run-up to the Parliament session on Wednesday, as finance minister Pranab Mukherjee has said any announcement would be made in the House.
Ruling out any rollback of the policy to allow foreign investment in multi-brand retail in the country, the government on Thursday said it would issue the guidelines in due course.
The Union Cabinet on Wednesday approved revision in guidelines for providing direct to home (DTH) services in the country under which licenses would be issued for 20 years, Union minister Prakash Javadekar said. The Union Cabinet has also approved 100 per cent FDI in the DTH broadcasting services sector, Javadekar said, adding that while the commerce ministry had spoken of 100 per cent FDI in the DTH sector, the guidelines of the information and broadcasting ministry needed to be changed.
Clarifying norms for single brand retail trading, government on Tuesday allowed foreign investors to conduct business through more than one joint venture in India.
Having almost closed the last contours of the limited trade deal and with the announcement of a much larger trade deal in the offing, we have moved to a new level of engagement: Goyal.
The note recommends allowing FDI in domestic firms through the issue of partly-paid up shares and convertible warrants, but with certain riders.
The party said it is "considering opposing" the proposal for taxing the PF corpus in Parliament.
Walmart is happy with its current partnership with Bharti.
Other measures being considered include relatively stringent KYC norms and a separate standard operating procedure for approval, renewal, and fresh investment from India's neighbouring countries.
FDI is essentially long-term investments that come with added benefits such as better technology, management and marketing assistance, says the study.
It has brought down the minimum capital requirement to $5 million from $10 million.
Plugging policy loopholes, the Indian government has spelt out the rules for FDI-funded wholesale or cash-and-carry trading ventures, restricting their merchandise sale to registered retailers and not directly to consumers.
FDI in brownfield investment has resulted in acquisition of domestic drug-manufacturing firms by multinational companies.
Concerned over weaknesses in manufacturing sector, the Planning Commission on Thursday pitched for further liberalisation of FDI policy and improvement of business regulations to step up GDP growth rate to 9-9.5 per cent in the 12th Plan from 8.2 per cent in the current plan.
This is the third consecutive month when GST mop-up remained below the Rs 1 lakh crore mark, despite the festival season.
Citing security concerns the Home Ministry has opposed hike in Foreign Direct Investment (FDI) caps in sectors like aviation and telecom, Lok Sabha was informed on Tuesday.
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.
28 private sector companies are having FDI varying up to 26 per cent.
The Centre has finalised sweeping changes to the country's foreign direct investment (FDI) policy to account for increasing concerns voiced by security agencies.
The two -- along with five other private sector banks -- are likely to get impacted by the new FDI policy as foreign shareholding in these entities in different forms like American depositary receipts and global depository receipts exceeds 50 per cent.
The approvals would be handled independently by administrative ministries of different sectors.
The Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce has called a meeting on July 10 to discuss the foreign direct investment (FDI) policy in the cigarette industry.
The ED said that Chidambaram has remained evasive and therefore grant of pre-arrest bail at this stage would be highly detrimental to the investigation.
To boost Make in India in defence production, Finance Minister Nirmala Sitharaman on Saturday said foreign direct investment limit in defence manufacturing will be hiked to 74 per cent from 49 per cent while some weapons and platforms will be banned for imports.
.jpg)
The company, which sells luxury products, including brands like Cartier, Piaget, Panerai and Montblanc, has also sought few clarifications from the government on conditions for selling sub-brands from the same stores, according to sources.
In the aviation sector, 100 per cent FDI is allowed under automatic route for MRO (maintenance, repair, overhaul), ground handling, and aircraft purchase.
Ecommerce firms will have it tough as govt turns down FDI proposal.
Retail, telecom, media and a host of sectors in which foreign direct investment is restricted stand to gain from changes in FDI policy that the Cabinet Committee on Economic Affairs cleared on Wednesday linking approvals to the concept of control for the first time.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
Tesco, which has sought the government's permission to buy 50 per cent stake in Tatas-owned Trent Hypermarket Ltd, will have to invest atleast $55 million in creation of fresh back-end infrastructure.
India is now a biz friendly nations, say Arun Jaitley.
Goldman Sachs and other foreign investors may have to cut stakes in Indian comexes, following the FDI policy.
The government will soon announce a major liberalisation in foreign direct investment policy, hiking the threshold limit in many of the ground handling and support services to 100 per cent.
The ED had filed the first chargesheet in the case against Chidambaram's son Karti; later, a supplementary chargesheet was also filed against him.
Wal-Mart CEO Michael T Duke, who would be visiting India later this month, is likely to meet Commerce and Industry Minister Kamal Nath and and discuss the country's FDI policy in retail.
The commerce and industry ministry has informed the Prime Minister's Office that the Bharti Group has conveyed to the government that its joint venture with Wal-Mart was in compliance with the existing FDI policy.
Amid the protests against leading e-commerce firms, Flipkart and Amazon, shipments through the online route in fact witnessed a double-digit growth every quarter.
Foreign direct investment (FDI) in India declined by about 15 per cent to $12.6 billion (Rs 74,971 crore) during April-October this year, Parliament was informed on Wednesday.
The petroleum ministry has agreed to the proposal of the department of industrial policy and promotion and it would be taken to the Cabinet along with the general review of the FDI policy in September.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances