India to build 2 new ports, 8 new airports, new industrial corridors and rail projects, said Dr Singh.
Foreign direct investment (FDI) into India saw a whopping 310 per cent increase in June to $5.65 billion, the highest monthly inflow in the last 11 financial years, indicating the revival of investor confidence in the Indian economy.
Emerging consensus is that all state capitals be covered.
Foreign direct investment in retail and Teesta water sharing 'certainly on the list
The government has sought to put an end to the ambiguities in the implementation of Press Notes 2 and 4, which significantly relaxed foreign direct investment (FDI) guidelines, with the Commerce Ministry requesting the Reserve Bank of India (RBI) to make changes in the Foreign Exchange Management Act (FEMA) to operationalise the guidelines. The direction from the government follows a number of references and queries from investors.
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
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.
Between January and June 2011, PE investments in real estate reached $444 million, 47 per cent higher than the investments made in 2010 during the same period.
There is more concern among US businesses now about investing in India than was a few years ago
Long term foreign investment necessary for the economy as it more stable.
There will be a lot to repair and rejuvenate -- if that opportunity even presents itself, warns Rathin Roy.
Volatility in investments concern for RBI.
Speaking at an Assocham event, Modi said the recent cut in corporate tax has brought rates to all-time low for businesses, adding that labour force should also be taken care of.
Amid domestic traders continuously complaining alleged violations of FDI norms by foreign online players, Commerce and Industry Minister Piyush Goyal on Friday said the ministry will "very shortly" come out with certain clarifications on the e-commerce sector. Goyal said the ministry is not changing any policy on e-commerce for foreign direct investment as the policy is crystal clear. "We will also come out with the e-commerce policy and whatever clarifications... Certain instances have come to our notice where the policy is not being followed in letter and spirit, we will obviously be clarifying that very shortly," he told reporters in New Delhi.
Do you, dear readers, believe that India needs FDI in retail sector or do you feel that it will be detrimental for the economy?
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
International multi-brand retail chains have all pushed their India plans to 2013.
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).
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.
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 move came as the country badly needs capital inflows as the rupee comes under pressure
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 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.
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.
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