The treaty amendment is also expected to impact the tax treaty with Singapore, which mirrored the capital gains exemption being provided to investments routed through Mauritius earlier.
The Parliamentary Standing Committee on Commerce had suggested that a study group be set up to examine the effect of FDI on brownfield pharma or operational firms.
The foreign visits undertaken by the Prime Minister have been instrumental in creating a positive momentum and boosting the bilateral relations, Nirmala Sitharaman said.
At present, FDI is permitted in technology collaboration in any form, including licensing for franchise, trademark, brand name and management contract in the tobacco sector.
Not so good news for the economy: Investment rate continues to fall even as industrial and agricultural pickup is anaemic.
To bring clarity, the DIPP has also come out with the definition of ‘e-commerce’, ‘inventory-based model’ and ‘market place model’.
During April-December this fiscal, over 90 per cent of the total foreign direct investment received came in through the automatic route, with less than 10 per cent coming in through the approval route.
The way to improve the farmer’s income is to improve his non-farm income.
The city, which would require more than Rs 1 lakh crore for a makeover, is now pushing projects on public-private partnership.
Planning a 20-yr roadmap to attract foreign, domestic investments to two-tier and three-tier cities, towns.
This is a win-win situation for Railways, Bihar, the country & Make in India: FM
The Swadeshi Jagran Manch (SJM), also linked to RSS, expressed anguish over the Centre’s move.
FDI announcements send out a welcome signal, but they will not address the underlying problem of demand.
Portfolio investment and investment by FVCIs will also be allowed up to permitted automatic route level of 49 per cent.
The aviation ministry is looking at an upfront subsidy to airlines so that the cost of air travel on certain routes would be brought within reach for the common man at about Rs 2500 per flying hour.