FDI powers to RBI may cut processing time sharply, to improve ease of doing biz
In a notification dated July 27, the central government gave the RBI the powers to administer the FDI regime, which include allowing the central bank to interpret various rules and grant exemptions pertaining to FDI. The change could cut down the processing time for FDI applications to 5-6 weeks compared with 3-4 months currently, market participants say.
India may allow low threshold for beneficial owner under the new FDI rule
On April 18, India tightened its FDI policy for countries with whic...
FDI in commercial mining: Govt nod needed for companies from nations sharing border with India
According to the Press Note 3 of 2020, an enti...
Mining, FDI reforms in the offing, says Piyush Goyal
"We will simplify processes and make it easier to do business here,” Piyush Goyal said.
Indian economy set for post-COVID-19 rebound as FDI remains buoyant: IHS Markit
"The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a recession in the 2020-21 financial year with GDP expected to contract by 6.3 per cent year-on-year," IHS Markit said in its outlook on the Indian economy.
Reconsider decision allowing 100% FDI in coal mining: Mamata to PM Modi
Expressing reservations about the move, Banerjee in a letter to Modi on Thursday night said it would send "a wrong message...and would also kill the vision of self-reliant policy that we have been following since beginning".
Ray of hope for realtors: Govt may allow 100% FDI in completed housing projects
India currently allows 100% FDI through the automatic route in construction-development projects — townships, residential and commercial buildings, roads, bridges, hotels, resorts, hospitals, educational institutions, recreational facilities and city and regional-level infrastructure. India, however, prohibits FDI in the real estate business or construction of farm houses.
DPIIT to soon approach Cabinet for 74 pc FDI through auto route in Defence :Sources
The decision to permit up to 74 per cent FDI in the defence manufacturing through the automatic route was announced by Finance Minister Nirmala Sitharaman in May while announcing the fourth tranche of the Rs 20 lakh crore stimulus package for the coronavirus-hit economy.
With an eye on China, Government mulls duty hike on textiles, cameras, laptops
The issue is now before the finance ministry, which had earlier spurned the proposal from the commerce and industry ministry, sources told TOI. A senior officer said that the revenue department is expected to move ahead by notifying some tariff hikes.
Foreign buying in some firms may breach FDI limits in subsidiaries
New rules allow full foreign ownership in listed companies unless the firm is part of the sector that has a cap on investments by overseas investors. However, companies have missed out on the deadline to bring in the cap because of the lockdown-related disruptions, resulting in new foreign ownership limits.
India Inc's foreign direct investment dips 62 pc to USD 976 mn in April
Domestic firms had invested nearly USD 2.56 billion in their joint ventures/wholly-owned subsidiaries during April 2019, according to the RBI data on Outward Foreign Direct Investment. Indian firms had invested USD 2.70 billion in overseas businesses in March 2020.
Indian companies pump $22 billion in US as FDI: CII Survey
According to the report titled ‘Indian Roots, American Soil’ which surveyed 155 Indian companies in the US, Texas came out as the top investment destination for Indian FDI, receiving $9.5 billion, followed by New Jersey’s $2.4 billion and $1.8 billion in New York.
Circumventing FDI rules: Chinese investors can still invest in Indian companies
Firms looking to raise funds from Chinese investors are exploring the limited liability partnership model.
Industry calls for 100% automatic FDI in satellites
All FDI proposals in the satellites space are currently screened by the Department of Space (DoS) and its internal panel, the Committee for Authorisation of Indian Satellite Systems, a scenario that has held up big-ticket FDI proposals for years, say experts.
India to remain most resilient in South Asia, continue to attract FDI even in Covid-19 crisis: UNCTAD
However, inflows May shrink sharply. As per UNCTAD, India jumped to ninth spot in 2019 on the list of global top FDI recipients from the twelfth spot in 2018.