NEW DELHI: The government has permitted foreign direct investment (FDI) of up to 74 per cent under automatic route in the defence sector with a view to attracting overseas investors, according to a press note issued by the DPIIT on Thursday. However, foreign investments in the defence sector would be subject to scrutiny on the […]Read More
New Delhi: The government is considering a proposal to permit foreign direct investment (FDI) in limited liability partnership (LLP) firms engaged in construction development with a view to attracting overseas fund inflows, sources said. At present, FDI is permitted under the automatic route in LLPs that are operating in sectors where 100 per cent foreign […]Read More
The lower limit will ensure that while small and financial investments will not face scrutiny, significant investments from China and other countries covered by the new regime will face checks. Synopsis On April 18, India tightened its FDI policy for countries with which it shares a land border, putting investments from them on the approval […]Read More
The move follows border tensions between India and China in which 20 Indian soldiers were killed. India had in April made prior government clearance mandatory for all Chinese foreign direct investment. SynopsisThe move largely directed at Chinese companies makes prior registration with Competent Authority mandatory for any bidder from these countries before they apply for […]Read More
The government expects a surplus in its current account balance for the first quarter of the ongoing fiscal and in the final quarter of the previous fiscal on account of curtailed imports due to a significant drop in domestic economic activity, according to an official report. “As a considerable drop in domestic economic activity significantly […]Read More
Kolkata: Global satellite builders and communications service providers have called on finance minister Nirmala Sitharaman to allow 100% foreign direct investment (FDI) through the automatic route to attract billions of dollars into the space/satellite broadband sectors from the likes of Amazon, Elon Musk’s rocket engine maker SpaceX, Hughes and Telesat, among others. All FDI proposals […]Read More
By Lt Gen Anil Ahuja (Retd) Paving way for `Atma Nirbharta’ (self-reliance) in defence sector, Finance Minister Nirmala Sitharaman, on May 16, 2020, announced policy and structural reforms, which include : gradual banning of imports of select weapon systems ; corporatisation of Ordnance factories; enhancement of Foreign Direct Investment in defence sector on automatic route; […]Read More
By Sanjaya Baru From statements made by Prime Minister Narendra Modi and his Cabinet colleagues, it would seem that a fiscally constrained government may try to play the larger economic role expected of it in a post-lockdown context by reverting to greater inward-orientation. In an unlikely echo of Mahatma Gandhi’s ideal and idyll of ‘gram […]Read More
By Vikram Nehru Covid-19 is a dark cloud that has suddenly descended on humanity. But even the darkest clouds have silver linings. Indeed, the Chinese word for crisis, ‘weiji’, signifies danger as well as opportunity. The Black Death of Europe in the 1300s, pre-19th century cholera epidemics, and the Spanish flu pandemic in 1918-19 not […]Read More
New Delhi: Refuting China’s accusation that India’s revised foreign direct investment (FDI) policy is discriminatory, officials have said that the revision neither restricts market access nor national treatment— the two tenets of global trade-—and is not violative of any rules of the World Trade Organization (WTO). India, on Saturday, made its prior approval mandatory for […]Read More
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