Looking at further easing FDI norms in space sector: DPIIT secretary
Mon, Sep 11, 2023
Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech.
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TRENDING NOW
FDI equity inflows dip 22% to USD 46 billion in 2022-23
Mon, May 29, 2023
Foreign direct investment (FDI) into India declined by 22 per cent to USD 46 billion in 2022-23, dragged by lower inflows in computer hardware and software, and automobile industry, according to the Department for Promotion of Industry and Internal Trade (DPIIT) data.
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FDI falls for the first time in a decade on a y-o-y basis, declines 16 per cent in FY23
Wed, May 24, 2023
The gross FDI inflows in 2021-22 were USD 81.97 billion, up 10 per cent over fiscal 2019-20. The previous year-on-year contraction in FDI was in 2012-13 when the inflows declined by 26 per cent to USD 34.298 billion.
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281 cases taken up for investigation by ED regarding suspected FDI norm violations during Apr '19-Mar '22
Wed, Dec 21, 2022
Necessary action as per provisions of Foreign Exchange Management Act, 1999 (FEMA) has been taken, which includes issuance of show cause notices, adjudication and imposition of penalty, Minister of State for Commerce and Industry Som Parkash said in a written reply to the Lok Sabha.
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Reform, economic growth focus to boost foreign direct investment opportunities up to USD 475 bn in 5 years: Report
Sun, Oct 16, 2022
Multinational companies (MNCs) appreciate the impact of GST, the government's digital push in various spheres, and transparency in taxation, amongst other reforms.
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India Inc's overseas direct investment drops 59% at USD 1.03 bn in August: RBI data
Fri, Sep 16, 2022
The RBI data on Outward Foreign Direct Investment (OFDI) for August 2022 showed that the total financial commitment by the domestic firms was worth USD 1,027.67 million in August, 2022-23. In the same month of 2021-22, it stood at USD 2,500.97 million (USD 2.5 billion).
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Insurance laws amendments shouldn't change basic structure: Experts
Thu, Sep 15, 2022
It is more than two decades since the insurance sector was opened up on the pretext of increasing penetration with better products than that was vended by the government companies and additional funds for the infrastructure sector.
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347 FDI proposals received from countries sharing land border with India; 66 approved
Wed, Mar 16, 2022
As many as 347 foreign direct investment (FDI) proposals, worth about Rs 75,951 crore, have been received by the government from countries sharing land border with India since April 18, 2020, Parliament was informed on Wednesday.
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GDP: India to dethrone Japan to become Asia's 2nd largest economy by 2030, IHS report says
Fri, Jan 07, 2022
India is expected to overtake Japan as Asia's second-largest economy by 2030 when its GDP is also projected to surpass that of Germany and the UK to rank as world's No.3, IHS Markit said in a report.
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Stay put in global portfolio as past US Fed hikes show positive trend in equites: Asheesh Chanda of Kristal.AI
Fri, Jan 07, 2022
Past hiking cycles have shown that equity markets can continue to do well for extended periods even when the Fed is hiking, as long as the underlying economy remains robust, Asheesh Chanda, Founder & CEO, Kristal.AI – said in an interview with Zeebiz’s Kshitij Anand.
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FDI key to India's aspiration to be a USD 5 trillion economy, says Deloitte CEO
Mon, Sep 20, 2021
Foreign Direct Investment (FDI) is critically important for India to become a USD 5 trillion economy, Deloitte CEO Punit Renjen said while noting that over two-fifths of the 1,200 business leaders surveyed in the US, UK, Japan and Singapore are planning additional or first-time investments in India.
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HIGHEST EVER! FDI inflow of $81.72 billion in 2020-21; labour-intensive sectors witnessed rapid export growth
Fri, Jul 02, 2021
The positive momentum continues with FDI inflow of $6.24 billion during April 2021, which is 38 per cent higher than April 2020, the Minister of Commerce & Industry, Railways and Consumer Affairs, Food & Public Distribution, Piyush Goyal informed.
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