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FDI

Jan 22, 2020, 04.31 PM IST

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  • UNCTAD, in its Global Investment Trend Monitor report said that the global foreign direct investment remained flat in 2019 at $1.39 trillion, a 1% decline from a revised $1.41 trillion in 2018. “South Asia recorded a 10% increase in FDI to $60 billion. The growth was driven by India, with a 16% increase in inflows to an estimated $49 billion. The majority went into services industries, including information technology,” it said.

    "I would like to give a word of caution here. Though your (insurance brokers) share is very high in group health insurance, the loss ratio in group health insurance is also very high. Probably, it is not very sustainable at present," he said at an event organised by Insurance Brokers Association of India.

    Kounalakis, who is visiting India along with the Bay Area Business Council, said with a significant number of Indian technology professionals in the Bay Area, the potential for growth through investment and partnership in the tech sector between the two countries is enormous.

    Cloud computing and virtualization software company, VMWare had made a $2 billion investment in its Indian arm in 2018, which employs close to 6000 people. On the recent consultation paper on cloud services introduced by the Telecom Regulatory Authority of India, it was proposed that cloud-focussed companies would become members of a cloud industry body.

    Walmart announced layoffs across sourcing, agri-biz & FMCG divisions. More people will have to leave later.

    With banks risk-averse & NBFCs facing liquidity crunch, the sector wants to regain confidence to restart lending.

    The amendments in the laws would offer unexplored and partially explored coal blocks for mining through prospecting license-cum-mining lease (PL-cum-ML), an official statement said.

    Competition from an Indian state-run monopoly may stymie PM’s efforts to attract investments.

    ​The Finance Ministry has suggested increasing the limit on foreign direct investment in insurance and pension companies to 74% from the present 49% and allowing foreign airlines to own Indian carriers.

    “Not at all,” he told ET when asked if his statement would send a wrong signal to global investors. India welcomes, values and respects foreign investment, Commerce and industry minister Piyush Goyal added. The minister restated that it is expected that large companies will respect the law of land.

    “Not at all,” he told ET when asked if his statement would send a wrong signal to global investors. India welcomes, values and respects foreign investment, Commerce and industry minister Piyush Goyal added. The minister restated that it is expected that large companies will respect the law of land.

    Inflow of foreign direct investment (FDI) during April-September of 2018-19 stood at USD 22.66 billion. Singapore continued to be the largest source of FDI in India during the first half of the financial year with USD 8 billion investments.

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