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foreign direct investment

FOREIGN DIRECT INVESTMENT NEWS

New cooperative policy: States suggest FDI, age limit for board members

April 27, 2022 7:08 am

According to the Ministry, there are about 8.54 lakh cooperative societies. They include 95,000 PACS, which are societies at the village level, both credit and non-credit. Currently, only 63,000 PACs are operational.

DoT plan for foreign companies: Easing investment, spectrum bid norms

April 24, 2022 5:06 am

The DoT may not go for further cut in licence fee and other statutory fees, an official said, adding that the number of telecom users in India is far more than most other geographies

Panda: Irdai looking at review of norms to widen market, may allow micro insurers

April 08, 2022 9:29 am

The Insurance Regulatory and Development Authority of India is reviewing the Rs 100 crore capital, which is the minimum requirement for any new player to begin an insurance venture.

RBI Watch Foreign Exchange: Reserves rise nearly $2 bn on currency assets, gold; fall shy of all-time high

November 07, 2021 1:08 am

According to the RBI data released on Friday, foreign currency assets (FCA), a vital component of the overall reserves, rose by $1.363 billion to $578.462 billion for the reporting week.

India receives $64 billion FDI in 2020, fifth largest recipient of inflows in world: UN

June 21, 2021 12:54 pm

The pandemic boosted demand for digital infrastructure and services globally which led to higher values of greenfield FDI project announcements targeting the ICT industry, rising by more than 22 per cent to USD 81 billion.

BPCL divestment path: Cabinet to take up 100% FDI plan for PSU refiners

June 16, 2021 3:44 am

The move, initially proposed by the Petroleum Ministry, will be placed before the Cabinet by the Department of Promotion of Industry and Internal Trade (DPIIT). The divestment of the Centre’s 53 per cent stake in BPCL is a key part of the former’s disinvestment target of Rs 1.75 lakh crore for FY22.

FDI equity inflows at record $60 billion in FY21

May 25, 2021 3:35 am

Singapore remained the top FDI source, accounting for 29 per cent of the inflows last fiscal, followed by the US (23 per cent) and Mauritius (9 per cent).

FDI hits all-time high in FY21; forex reserves jump over $100 bn

May 18, 2021 6:23 am

According to data released by the Reserve Bank of India (RBI), while the direct investment to India in FY21 stood at $54.665 billion, FDI by India amounted to $11.299 billion, thereby resulting into a net FDI of $43.336 billion.

Bordering nation FDIs: Final call with ministries

March 10, 2021 12:08 am

An inter-ministerial committee formed to scrutinise these proposals does not decide on approvals to these FDI proposals, for which government approval was made mandatory in April 2020.

Maharashta: Industry, services sectors to witness negative growth

March 06, 2021 2:53 am

Government officials said the pandemic impacted the industrial sector overall. "It not only impacted the industrial production but also consumer consumption," said an official.

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