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.
Against an FDI of Rs 7,508 crore in 2013-14 received by the construction sector, FDI in 2014-15 dipped to Rs 4,582 crore.
Rathore was referring to comments made by an industry representative about paucity of funds being one of the reasons why not much investment is being made into training of journalists.
During May-August, FIIs sold Indian debt and equity holdings worth Rs 27,000 cr. Centre has set a target of Rs 69,500 cr to be raised via strategic sales this year.
Experts say that while a delay in issuing final guidelines on the foreign investment cap hike in the insurance sector is hampering investments and growth within the industry, it will affect the ability of companies to offer a better and wider range of products at competitive prices.
The Finance Ministry on Tuesday forwarded a report published in Financial Times, London, that said “India grabs investment league pole position.”
While manufacturing has seen a revival, the financial services has witnessed the maximum jump among the major sectors and the FDI in the sector rose 200 per cent from $1.02 billion in FY14 to $3.07 billion in FY15.
Irda has been making efforts to launch a policy of open architecture bancassurance policy.
Earlier, General Motors moved from Gujarat to Maharashtra for its $1 billion investment and Foxconn announced a $5 billion investment in the state.
Even in the first two months, Maharashtra managed to retain its number 2 spot drawing in $1.67 billion between April and May.
Foxconn chose Maharashtra over other states because it has a leading financial centre, and is home to quality talent and software-hardware integration facilities, Gou said after signing the MoU.