The rupee has gained only 0.9 percent since the close of trade on Monday after which the central bank resorted to indirect monetary tightening, but the bonds and rate markets have been roiled.
The decision is likely to bring in at least Rs 5 lakh crore of fresh investments into the sector over five years by improving connectivity and competition
International investors are encouraged by the Indian government's recent economic policy announcements, including that on opening the retail sector to foreign direct investment (FDI). However, they would track how these measures were implemented, said speakers at the annual India Investment Forum in New York.
There is more concern among US businesses now about investing in India than was a few years ago
Govt is looking at problem solving than structural reforms to address economic issues.
Apart from a stake buy, some other options on the table include a merger of the entertainment businesses of Sony and Network18 Media.
Bengal minister says Mamata's pullout from UPA will not hit capital flow.
Long term foreign investment necessary for the economy as it more stable.
Though international biggies are already in India, they are yet to formalise plans for front-end multi-brand retail.
As part of it, the govt may permit 26% FDI in insurance broking through the automatic route.
Govt's decision to allow FDI will attract capital, boost confidence and soothe the nerves, say experts.
It's pointless and stupid to allow foreign direct investment in retail and investment, says Jayati Ghosh.
China's forex reserves witnessed an increase of $509.7, a 12.8 per cent rise from 2012, People's Bank of China said.
The year started on a sombre note for the sector, with the lingering effect of the decision to put on hold relaxation of FDI in retail in 2011.
The Bharatiya Janata Party on Sunday criticised Prime Minister Manmohan Singh's remarks that those who oppose Foreign Direct Investment in retail are "ignorant", saying it is not the Opposition which is ignorant, but the United Progressive Alliance government and the Congress Party.
Investors became richer by over Rs 6.34 lakh crore on Monday as markets gave a big shout-out to the Budget 2021-22, which analysts termed as 'unprecedented' against the backdrop of the pandemic-induced slowdown. Cheering the Budget proposals, the BSE benchmark Sensex zoomed 2,314.84 points or 5 per cent to close at 48,600.61. During the day, it jumped 2,478.63 points to 48,764.40. This was the best Budget-day gain for the markets since 1997, analysts said. Following the extremely positive market sentiment, the market capitalisation of BSE-listed companies rallied Rs 6,34,069.67 crore to Rs 1,92,46,713.70 crore.
Will help to reduce current account deficit and restore growth.
The government also increased the power of the FIPB.
The United Progressive Alliance government won the vote on Foreign Direct Investment in multi-brand retail not by "floor management but by fund management", alleged Bharatiya Janata Party national spokesperson Muktar Abbas Naqvi on Saturday.
Opposition National Democratic Alliance and estranged United Progressive Alliance ally Trinamool Congress on Friday criticised the decision to allow Foreign Direct Investment in multi-brand retail, saying government has surrendered to crony capitalism and feared that the policy will spell doom for farmers and small traders.
The 49 per cent cap that would not give them a majority control over domestic carriers.
The Enforcement Directorate has been asked to investigate alleged violation of FDI regulations by e-commerce company Flipkart Online Services and cash & carry chain Bharti Walmart.
Opposition Bharatiya Janata Party and Left parties on Tuesday demanded separate debates with voting on Foreign Direct Investment in retail and related amendments in Foreign Exchange Management Act rules in Lok Sabha, but it was vociferously opposed by the government and rejected by Speaker Meira Kumar.
Keeping the Congress on tenterhooks on their strategy during the crucial Foreign Direct Investment vote on Wednesday, eight party MPs from Telangana region in Andhra Pradesh on Tuesday boycotted a meeting called by party floor leaders in Parliament to seek their assurances on participation in the debate.
In her fourth tranche of the economic package, she said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.
Insisting that the decision to introduce Foreign Direct Investment in retail requires vigorous Parliamentary sanction, the Trinamool Congress on Wednesday accused the government of indulging in 'hoodwinking tactics' to claim that there was need for it.
Breaking its silence, the Dravida Munnetra Kazhagam on Tuesday decided to support with "bitterness" the United Progressive Alliance government in Parliament on Foreign Direct Investment in the retail sector issue in order to prevent "communal" forces coming to power.
The Confederation of All India Traders, the apex body of trade federations and small-scale sector players in the country, upped their campaign on Saturday against the United Progressive Alliance government's proposal to bring in foreign direct investment in multi-brand retail by another notch. The CAIT announced a nationwide campaign, 'Retail FDI bhagao, apne vatan ko bachao' (Chase out FDI in retail, save our nation) in the national capital on Saturday.
Prime Minister Manmohan Singh's dinner on Thursday for the Bharatiya Janata Party top brass failed to break the impasse over the Foreign Direct Investment in retail issue with the opposition party insisting on a discussion in Parliament on it under provisions which entail voting.
On the trend of paddy-wheat cycle in Punjab, he said it was not only affecting fertility of the agricultural land, but was also causing depletion of underground water in the state.
Part of the official delegation accompanying Prime Minister Manmohan Singh to the Association of South East Nations summit in Phnom Penh, Cambodia, he was briefing the media on board the aircraft earlier on Sunday.
Last October's circular meant that downstream investment by such funds by way of subscription or acquisition of shares would have been considered "indirect foreign investment" if their investment manager or sponsor is owned or controlled by a non-resident. The finance ministry has now said that mutual funds that invest more than 50 per cent in equity shall be omitted from the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
As funding from foreign private equity and venture capital firms is the lifeline for most online retailers, the restriction on foreign direct investment is threatening to block any fresh investment into the sector.
Continuing the suspense over its stand on an Opposition-sponsored resolution in Parliament against Foreign Direct Investment in retail, United Progressive Alliance ally Dravida Munnettra Kazhagam on Wednesday said its decision would be taken keeping in mind the interest of small and medium traders.
Ahead of the Parliament session beginning November 22, Prime Minister Manmohan Singh is meeting leaders of the United Progressive Alliance constituents and outside supporters to firm up a strategy to unitedly face any Opposition onslaught on issues like the Foreign Direct Investment in retail and price hike.
US-based Walmart and UK-based Tesco have sought clarifications from the Department of Industrial Policy and Promotion on whether they could set up warehouses in states which are against the Centre's retail FDI policy.
Foreign direct investment in the retail sector was one of the wish list of the US companies and the US had been pushing for it for quite some time now.
In his first two years, Tyagi, a Himachal Pradesh cadre IAS officer, has implemented challenging stock market reforms and taken action against high-profile corporate entities.
The new online store, which will be launched on September 23, will provide customers with the same premium experience found in Apple Store locations around the world, delivered by online team members who are ready to offer their expertise, Apple said in a statement.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances