Most investments by Indian corporate houses in the overseas market is through countries that have either low tax rates or allow tax-free remittance of income. Much of the outward foreign direct investment (FDI) by India Inc done between April and December 2007 was directed to Singapore, the Netherlands and British Virgin Islands (BVI), according to the latest Reserve Bank of India data. RBI said the actual outward FDI in April-December 2007 grew 13 per cent at $10.11 billion.
Bahujan Samaj Party leader Mayawati has decided to support the government on FDI as she does not want to destabilise the government, reports Renu Mittal
Bahujan Samaj Party supremo Mayawati on Friday kept up the suspense on her party's stand on voting on the Foreign Direct Investment in retail issue in Rajya Sabha, saying it will be declared on the floor of the House.
A Planning Commission panel has suggested allowing foreign investors to own a larger share in domestic insurance companies. The group, chaired by Planning Commission member Anwarul Hoda, has also said that foreign direct investment restrictions on reinsurance companies should be removed.
Trinamool Congress chief Mamata Banerjee cited a statement by former Union Finance minister Pranab Mukherjee in the Lok Sabha on December 7, 2011, alleging that the Centre had deviated from its own statement.
Left leaders Sitaram Yechury and A B Bardhan on Thursday shared dais with Bharatiya Janata Party's Nitin Gadkari and Murli Manohar Joshi at a demonstration against FDI in retail and hike in diesel prices.
Maharashtra and the National Capital Region accounted for over 50 per cent of foreign direct investment inflows into the country during the first half of 2010-11, says the latest Industry Ministry data.
The government looks all set to open up the retail sector beginning with food and a proposal in this regard is expected to go before the Cabinet by next month.
In recognition of his efforts in making India an attractive foreign direct investment destination, Commerce and Industry Minister Kamal Nath has been selected as the "Global fDi Personality of the Year
The flow of foreign direct investment into China, dubbed as the world's factory, continued its slight decline in the first eight months this year.
This means the cable companies engaged in last-mile distribution of TV channels will qualify for the existing 49 per cent FDI limit, while operators of DTH, HITS, IPTV and multi-system operators will be able to bring in up to 74 per cent FDI, a limit proposed by broadcast regulator Telecom Regulatory Authority of India.
Shortlisted bidders have been intimated
The IRDA favours for a hike in FDI cap from 26 to 49 per cent and amendments in legislations to enable greater flexibility in investment.
The document consolidating all the aspects of foreign direct investment policy and framework will be released by commerce and industry minister Anand Sharma, an official said.
Kingfisher Airlines soared 5.76 per cent to Rs 13.20, while Spicejet scrip gained 4 per cent to Rs 38.30 on the BSE. Jet Airways rose by 2.44 per cent.
The Communist Party of India on Thursday voiced strong opposition to the Budget proposal to increase foreign direct investment cap in three key sectors of telecommunication, insurance and aviation threatening to take to the streets on this issue.
Tightening the norms, the government has done away with automatic approval of foreign direct investment (FDI) in the existing pharmaceutical companies.
American online major Amazon seems to be almost doubling its India investment going by the company's recent announcement during Prime Minister Narendra Modi's state visit to the US. From the time the Seattle-headquartered company started its India journey in 2013, its investment into the country is pegged at $11 billion or roughly $1.1 billion a year. By committing a fresh round of $15 billion by 2030, the Jeff Bezos-founded company's investment would go up to more than $2 billion a year over the next seven years.
Increased investments in traditional manufacturing sector helped India surpass South Korea to become Asia's fourth largest FDI recipient in 2006, a UNCTAD report said.
In ideologically discordant notes within Aam Aadmi Party, Captain Gopinath, pioneer of low-cost airline business, slammed the decision of AAP government in Delhi to reject FDI in retail, saying the party is "running in danger" of being branded like other parties of resorting to cheap and populist measures.
Expressing commitment to push forward economic reforms, Finance Minister Pranab Mukherjee today said the government is making efforts to build a consensus on important economic legislations, including PFRDA and foreign investment in multi-brand retail.
Foreign direct investment in many other sectors may be hiked to 100 per cent and procedures for External Commercial Borrowings would be further simplified, a senior finance ministry official indicated on Tuesday.
The finance ministry is arriving at a consensus to reject a proposal mooted in government to permit foreign direct investment (FDI) in multi-brand retailing.
Stating that the government had done a lot of 'introspection' into what was ailing the power sector, the Shinde said many corrective steps were taken to put things back on track.
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