FDi helps a tiny minority in our country, says Hema Swaminathan, Assistant Professor, Centre for Public Policy, Indian Institute of Management-Bangalore.
FDI in drugs and pharmaceuticals was $487 million during April-August 2012, according to the latest data of the Department of Industrial Policy and Promotion.
The new Bill proposes to raise the FDI to 49 per cent from the current 26 per cent.
Investor confidence, in general, in the world is weak and that has spilled over in India.
A bench headed by Justice R M Lodha asked the Centre to file its response within three weeks.
Describing the over Rs 2,000 crore (Rs 20 billion) business proposal between Jet and Etihad airlines as a win-win deal, Civil Aviation Minister Ajit Singh on Thursday said it will be beneficial for flyers.
India received foreign direct investment (FDI) worth $1.79 billion in February, 2013 -- a decline of about 19 per cent due to global economic slowdown.
The Bharatiya Janata Party, which is strongly resisting Foreign Direct Investment in retail, on Tuesday appeared to rope in support of Samajwadi Party and the Bahujan Samaj Party, saying those against it should demonstrate it in Parliament.
It's unclear how the government will rustle up the numbers to push the legislation through Parliament.
India's exports are showing signs of improvement as the contraction in outbound shipments in June so far has come down to about 10-12 per cent as compared with 60 per cent in April, Commerce and Industry Minister Piyush Goyal said on Monday. Declining for the third straight month, In "Currently we are about 10-12 per cent down in June. So in a sense, we have reached up to 88-90 per cent of the level of exports that we had in June 2019 in the current month in the first two weeks. I am awaiting the data for third week (of June)," Goyal said at a CII function.
Trinamool Congress chief Mamata Banerjee on Thursday described as 'immoral and unethical' the decision by the 'minority' government at the Centre to hike FDI in insurance and pension sectors, and called on all United Progressive Alliance partners to quit the government in protest.
The Opposition has been protesting against allowing foreign direct investment in the retail sector, as well as the rise in fuel prices.
The Congress on Monday took potshots at West Bengal Chief Minister and Trinamool Congress chief Mamata Banerjee over her move to stage a demonstration at the Jantar Mantar in new Delhi against the Centre's new reforms, saying that the United Progressive Alliance government is determined and has made a commitment to push economic reforms for the betterment of the country.
According to a research report by Bank of America Merrill Lynch, there has been a sea change in interest in India post the reforms announced last week that included allowing foreign direct investment in multi-brand retail and the civil aviation sector.
Clarity to help operationalise the controversial FDI policy of 2009.
Modern organised retail will be helpful in containing inflation and allowing foreign direct investment (FDI) in multi-brand retail leads to development of back-end infrastructure that will benefit farmers, according to C Rangarajan, Chairman of the Economic Advisory Council to the Prime Minister.
FinMin talking to Irda on many issues, meeting Chidambaram this week.
The film shows the plight of petty shops as organised the impending FDI in retail take over.
Without engaging with Pakistan, South Asian economic integration would not be possible
The FDI announcements made by the government in multi-brand retail, single-brand retail, aviation sector and broadcast sector are expected to change the landscape of the respective industry.
Senior Bharatiya Janata Party leaders Ravi Shankar Prasad and C P Thakur were detained in Patna on Thursday during a protest against the Congress-led United Progressive Alliance government over Foreign Direct Investment in multi-brand retail and the hike in diesel prices. Several other opposition leaders have also been detained by the police.
The nationwide protests on Wednesday against fuel price hike and Foreign Direct Investment in retail brough life to a standstill in major cities. The strike call has been given by both the National Democratic Alliance and the Third front parties. Here's what the situation was like in major cities across the country.
Foreign investors are losing faith in Vietnam, which was sought-after destination just three-four years back. Due to slow reforms and rising corruption the growth in foreign investments has turned negative.
Trinamool Congress chief Mamata Banerjee on Friday pulled the plug from the United Progressive Alliance government over the issues of FDI in retail and the recent hike in diesel prices. Following is her statement
The minister gave an example of how in Kochi, the commercial capital of Kerala, there are shopping complexes and retail stores, but the blooming of such stores had no negative impact on the farmers and traders.
Taking on the Bharatiya Janata Party for criticising the United Progressive Allaince government's decision of foreign direct investment in retail and fuel price hike, Congress general secretary Digvijay Singh charged the opposition with adopting double standards over issues when in power and outside it.
General sentiment that slowdown and dip in investor sentiment won't affect rationale for expansion
CAIT had last month also filed a petition in National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's decision to approve the deal.
The Bharatiya Janata Party and Samajwadi Party on Thursday blocked in the Lok Sabha a bill to provide reservation for SCs and STs in government job promotions, delaying the measure which was seen as quid pro quo for Bahujan Samaj Party's support to United Progressive Alliance on Foreign Direct Investment in retail.
Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?
In all, RBI has cut interest rates by 110 bps this year. But this has not yet led to a boost in economic activity. While the growth rate has slowed to a five-year low, consumer confidence is waning and foreign direct investment has plateaued.
During November, FDI flows into China, the largest recipient of foreign investment through this route, fell for the 10th time in 11 months, as labour costs rose and an economic slowdown dragged growth down for seven quarters in a row.
India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
While winding up his speech against foreign direct investment in multi-brand retail, All India Anna Dravida Munnetra Kazhagam member of Rajya Sabha V Maitreyan thanked all those who supported his stand and said the government had committed a blunder.
Kingfisher is in discussion with various investors, including Etihad, for equity investments in the company, but matters are merely at negotiation stages, it said in a statement to the stock exchange.
The demand for a Joint Parliamentary Committee probe into disclosures by retail giant Walmart on lobbying in India was made by several members in the Lok Sabha on Tuesday.
RBI, however, does not want banks to get into it, as it is speculative.
The issue of foreign direct investment in retail came to haunt the government again in Parliament with a united Opposition demanding an inquiry and reply from Prime Minister Manmohan Singh on reports of Wal-Mart spending huge money to lobby for entry into the Indian market.
Foreign Direct Investment (FDI) as a source of funding has shrunk to a trickle for the once lucrative telecom sector with foreign investment inflows plunging to $43 million in the April-September period of the current fiscal.
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