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.
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).
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.
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.
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.
January 18, 2021 7:41 am
One factor behind the exodus of migrants from cities during the pandemic was their lack of access to safe, affordable housing in urban clusters.
October 17, 2020 6:28 am
Govt says focus is on fake news and propaganda, policy puts nation first.
September 09, 2020 12:44 am
According to the Reserve Bank of India data, FDI from Cayman Islands jumped 305 per cent to $3.49 billion during 2019-20, as against $863 million in the previous year, thus becoming the fourth largest FDI contributor behind Singapore, Mauritius and the Netherlands
July 28, 2020 6:09 pm
According to the amendment, foreign investments in Air India shall not exceed 49 per cent either directly or indirectly except in case of NRIs where 100 per cent foreign investments is permitted under automatic route.
May 29, 2020 1:58 am
Investments by Foreign Institutional Investors was $247 million. Commerce minister Piyush Goyal attributed the total inflows to a “strong vote of confidence” in the Narendra Modi government’s flagship Make in India programme.