Page 7 - Dpiit
Eveready betting on anti-China wave to boost flashlights business
A recent survey conducted by LocalCircles showed that 58% of respondents are willing to boycott Chinese firms while 42% want heavy import duties on Chinese goods to discourage their influx
 "Eveready betting on anti-China wave to boost flashlights business")
Economic setback temporary; Gujarat will be back on track in 6 months: CM
In times like this, our prime aim should be to work for the betterment of the people irrespective of our political differences, Rupani said
 "Economic setback temporary; Gujarat will be back on track in 6 months: CM")
Govt allows startups to issue sweat equity for 10 years after registration
Industry experts expect the move to help startups in terms of enhancing their ability to incentivise personnel and retain talent
 "Govt allows startups to issue sweat equity for 10 years after registration")
FDI from Cayman Islands to India jumps three-fold to $3.7 bn in 2019-20
India had received FDI worth $1 billion in 2018-19 and $1.23 billion in 2017-18 from the Cayman Islands, which is UK Overseas Territory
 "FDI from Cayman Islands to India jumps three-fold to $3.7 bn in 2019-20")
After mobile phone devices, phased manufacturing push for AC makers
Prime Minister Narendra Modi, while addressing India Inc on Tuesday, had stressed the need for reducing imports and strengthening local products across key categories including ACs.
 "After mobile phone devices, phased manufacturing push for AC makers")
Cayman Islands now India's 10th largest source of foreign direct investment
Inflows have gone up from tax havens; corporate tax dodging worries DPIIT
 "Cayman Islands now India's 10th largest source of foreign direct investment")
Will place draft e-comm policy in public domain to seek views: DPIIT Secy
DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years
 "Will place draft e-comm policy in public domain to seek views: DPIIT Secy")
Govt considering easing tax rules to promote start-ups, says official
Talking about the host of measures on which they are working, Mohapatra said the DPIIT will be extending more funds this year to startups under the Fund of Funds scheme
 "Govt considering easing tax rules to promote start-ups, says official")
Punjab approves reforms to avail additional borrowing of 1.5% of GSDP
The additional borrowing would help state tide over the estimated 30 per cent revenue shortfall in 2020-21 fiscal
 "Punjab approves reforms to avail additional borrowing of 1.5% of GSDP")
10 targets that states need to achieve to avail extra borrowing
These targets are under four categories, namely, One-Nation-One-Ration Card, ease of doing business, power sector reforms and urban local body reforms
 "10 targets that states need to achieve to avail extra borrowing")
India may set 10% beneficial ownership cap for FDI flowing from 7 countries
The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013
 "India may set 10% beneficial ownership cap for FDI flowing from 7 countries")
Day 1 of lockdown 3.0: India limps back, but industry still in limbo
With public transport still not allowed in 130 red-zone districts, which comprise some of the economically important urban centres, people took out their private vehicles.
 "Day 1 of lockdown 3.0: India limps back, but industry still in limbo")
Amid race to woo small traders, CAIT readies online portal for kiranas
Called bharatemarket.in, the announcement comes at a time when e-tailers Amazon and Flipkart and offline player Reliance Retail are trying to woo small traders
 "Amid race to woo small traders, CAIT readies online portal for kiranas")
Uncertainty over new 'beneficial ownership' clause for Chinese FDI
This is particularly important as Chinese companies often have opaque beneficial structures and have unbridled access to our market and other national information
 "Uncertainty over new 'beneficial ownership' clause for Chinese FDI")
China slams India's move to scrutinise FDI, calls it discriminatory
New Delhi effectively closed on Saturday the "automatic route" of investing for Chinese firms and individuals.
 "China slams India's move to scrutinise FDI, calls it discriminatory")
India's new FDI policy is discriminatory and against free trade: China
India's move was attributed to the rising possibility of "opportunistic takeovers" of its companies by those in neighbouring nations, as the coronavirus pandemic wreaks havoc on the economy
 "India's new FDI policy is discriminatory and against free trade: China")
DPIIT, Finance Ministry locked horns before tweak in FDI guidelines
Since the FDI notification was meant to restrict, than expand, the ambit of foreign investment, it was initially opposed by the finance ministry
India blocks automatic FDI route for neighbours to curb hostile takeovers
Until now, Chinese investments were automatically allowed, similar to those from other nations, in all but 16 sectors, such as telecom, defence, and national security.
 "India blocks automatic FDI route for neighbours to curb hostile takeovers")
Govt nod must for all FDI from neighbouring nations, including China: DPIIT
Aim is to curb 'opportunistic takeover' of Indian companies due to the current Covid-19 pandemic, new rules also apply to transfer of ownership of FDI
 "Govt nod must for all FDI from neighbouring nations, including China: DPIIT")
Focus on gradual resumption
Govt should consider the suggestions made by DPIIT
 "Focus on gradual resumption")
