FDI is a major driver of economic growth and a source of non-debt finance for the economic development of the country. The government has put in place an investor-friendly policy on FDI, under which investment up to 100 per cent is permitted on the automatic route in most sectors/ activities. At $ 64.37 billion, FDI in 2018-19 is the highest ever investment received for any financial year.
The proposed auction has business-friendly terms and conditions, including reduced upfront amount, adjustment of upfront amount against royalty and liberal efficiency parameters to encourage flexibility to operationalise the coal mines. Besides, 100 per cent FDI through automatic route has been allowed.
'India should start leveraging rather than banning crypto.'
India on Tuesday made a strong pitch for a positive and constructive approach from neighbours of Afghanistan including an end to support for violence as Prime Minister Narendra Modi and Afghan President Ashraf Ghani discussed key issues including security and connectivity.
The government further defended its move to introduce fixed-term employment, insisting that the present system of hiring workers through contractors is exploitative.
Assam CM said the police case filed against two senior Mizoram government officials - Deputy Commissioner of Kolasib district and Sub-divisional Police Officer of Vairengte - will be withdrawn.
Ranbir Kapoor's larger-than-life daku depiction in and as Shamshera is old school at its spectacular best. While we wait to watch the actor in one of the most raw, rough and rustic outings of his career, here's Sukanya Verma's list of 25 daku roles we love, ranked in an ascending order.
Citing unviable duty structure on key components like flat panels and open cell parts, Samsung had shuttered its TV assembly lines in Tamil Nadu in 2018.
Party insiders concede statements of the Raja kind have the potential to hurt the DMK's electoral chances in closely-fought seats in 2024, observes N Sathiya Moorthy.
According to industry insiders, India has 400 million smartphones and is the world's fastest-growing app market. So the addition or deletion of apps impacts the global valuations of these platforms. "Based on calls given by various local organisations to delete Chinese Apps, there will be an impact," said Blaise Fernandes, director at foreign policy think tank Gateway House. "All of them eventually will go the IPO (initial public offering) route so there would be economic impact also."
'Start-ups that generate a majority of their income in India are likely to opt for an Indian listing.'
Over 600 slots at three major airports - Heathrow, Dubai and New York's JFK International - could be at stake.
The Samyukta Kisan Morcha (SKM), a forum comprising 40 farmer unions, called for a Bharat Bandh on Monday against the Centre's three agriculture laws. Here is its impact across the country:
With capacity for 110,000 spectators, the Motera Stadium will dislodge the Melbourne Cricket Ground as the world's largest cricket stadium.
Images from the women's singles final at the French Open, in Paris, on Saturday.
Elaborate security arrangements have been made near the Red Fort where a group of protesters climbed to the ramparts of the fort and unfurled flags on Tuesday.
'It could tempt investors to pick stocks that are not fundamentally sound.'
A new passenger train connecting Dhaka and New Jalpaiguri on the Indian side was inaugurated jointly by Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina via a video conference.
The move comes days after the Indian Navy also warned of a possible terror attack from the sea side.
The 2800 kilometer rail route could be a critical component for the Bangladesh-China-India-Myanmar corridor that seeks cross border trade and flow of people
India will export anti-malarial drug hydroxychloroquine, high in demand globally, only to foreign governments and not to private companies, as the product is under prohibited or banned category of exports, sources said. Although exports of this medicine is completely banned, India has decided to export this anti-malarial drug in sync with its global commitment to deal with the coronavirus pandemic.
The future of cryptocurrencies in India appears uncertain but that has not deterred young Indians from embracing the so-called 'fourth industrial revolution' world, where interconnectivity and smart automation, much of it relying on blockchain technology, drive human civilisation. Reserve Bank of India (RBI) Governor Shaktikanta Das has repeatedly warned of macroeconomic instability and even "serious consequences" if cryptocurrencies turn mainstream. The country's monetary authority wants a China-like total ban on crypto, not even allowing these currencies to be treated as investments. Though Parliament's website had listed the Cryptocurrency and Regulation of Official Digital Currency Bill as one seeking a total ban of cryptocurrencies in the country, it was not presented in the Winter Session. India now has the highest number of cryptocurrency investors in the world.
Why can't we have a sunset clause for the ARCs, which is a global norm? questions Tamal Bandyopadhyay.
The decision would help provide ease of doing business and also lead to larger FDI inflows contributing to growth of investment, income and employment.
Union Budget 2014-15 is positive for metals and mining companies.
Exporters are of the view that while direct exports to Pakistan will be nearly nil this month, and in the coming few months, alternative markets can be explored for exporting tea, which was originally meant for Pakistan.
On the BSE, 2,243 scrips declined, while 224 advanced and 106 remained unchanged.
India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of $376 million in three months ended March 2021, making it the twelfth consecutive quarter of withdrawal, according to a Morningstar report released on Wednesday. This was markedly lower than the net outflows of $986 million registered during the quarter ended December 2020. India-focused offshore funds and ETFs are some of the prominent investment vehicles through which foreign investors invest in Indian equity markets.
Experts said the rules will help curb market manipulation and money laundering, which could take place during the transfer of shares between residents and NRIs.
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
Six days after a violent clash between police forces of Assam and Mizoram claimed seven lives and injured over 50 people, Chief Minister Himanta Biswa Sarma on Sunday said such incidents along the inter-state border are 'unacceptable' to people of both the states and advocated a resolution through talks.
'India needs to learn in Kashmir how to spread development.' 'Pakistan needs to learn in Balochistan how to spread development.' 'China needs to learn in Xinjiang and Tibet.' 'And if they can show tangible benefits, there will be less terrorism.' 'No one wakes up in the morning saying 'I want to kill myself', right?'
Bir Singh Yadav, from Bahlolpur village in Noida, enacted the "symbolic suicide" at the Dalit Prerna Sthal where he has been camping along with scores of protestors belonging to the Bharatiya Kisan Union (Lok Shakti).
Palo Alto-based electric carmaker Tesla has initiated talks with the government on the modalities of setting up fully-owned retail outlets. The company needs to comply with the foreign direct investment (FDI) guidelines related to single-brand retail, including local sourcing norms, to sell directly in India. At least two other foreign majors - Apple and Ikea - were engaged in talks with the government long before the sourcing norms were eased under the single-brand retail route.
Gulabo Sitabo was made with a budget of Rs 40 crore to Rs 45 crore. Amazon Prime bought the streaming rights for Rs 60 crore to Rs 65 crore, helping the producers make over Rs 20 crore.
The farmers stuck to their demand of taking out the rally on Delhi's busy Outer Ring Road.
Experts attributed the inflows to sudden rally in gold prices, mainly due to uneasy trade negotiations between the US and China and lower than expected global GDP growth.
Market regulator Sebi on Tuesday said foreign investors from Mauritius will continue to be eligible for FPI registration with increased monitoring as per international norms. The announcement comes after the tax haven was put on the "grey list" of Financial Action Task Force (FATF) -- an inter-governmental policy making body that sets anti-money laundering standards.
The US has already eased the procedure for issuing visa to attract a million Indian tourists by 2015
Will 2022 be a year of contrasting narratives -- one filled with caution and the other with continued optimism?
