Page 3 - Foreign Direct Investment

Hearing into Amazon's petition against CCI probe to continue on third day

The CCI had ordered an investigation against e-commerce companies including Amazon and Flipkart

Understand legal nitty-gritty of investing in Indian realty for NRIs

NRIs must ensure that the project they invest in is registered with the state RERA authority and complies with its regulations

Odisha's FDI equity inflows surge 330% to $43 million in H1FY20

FDI equity inflows in Gujarat more than doubled from $1.5 billion in H1 FY19 to $3.5 billion in H1 FY20

DPIIT to soon issue clarification on 26% FDI in digital media sector

The DPIIT has already taken views of the Information and Broadcasting Ministry on the issue

The global easing cycle

India will need interventions to protect financial stability

Govt examining foreign fund flows in infra, telecom at sensitive locations

Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise

Total FDI inflow into India increased by $62 bn in 2018-19, says govt

Goyal's response came in response to a question by Congress MP Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19

M&A in auto sector up 73% to $449 million in CY19 despite slowdown

Growth led by $275 million Mahindra-Ford deal, domestic volumes cross $100-million mark first time since 2017 to touch $141 million

DPIIT received complaints of e-commerce firms offering discounts: Goyal

The Reserve Bank of India (RBI) administers the FEMA and Directorate of Enforcement is the authority for the enforcement of the act

Centre prioritises coking coal contracts over foreign mine purchases

Company may at best consider picking up stakes in coking coal companies instead of going for an outright purchase

Govt to set up mega parks near ports to attract FDI: Textile secretary

Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks

Inter-ministerial group discusses possibility of further easing FDI norms

Under government route, foreign investor has to take prior approval of respective ministry/department

Trying to negotiate with CIL workers; things to normalise soon: Prahlad

Last week, the trade unions had declined to attend a meeting with Joshi to discuss their demand of withdrawing 100 per cent FDI in coal mining

Tax cut gives PM Modi the perfect pitch to win American investments

The cropped tax rates are the latest in a series of steps announced by the government

Unhappy over 100% FDI in mining, coal workers to strike on 24 Sep

Major central trade unions, including INTUC, AITUC, CITU, HMS and AICCTU, are supporting the strike

A positive move

FDI policy should be supplemented with wider reforms

More than 40 global brands may go online soon in India after FDI reforms

Brands hope for volume sales even before setting up physical stores

FDI norms eased for single brand retail, digital media, manufacturing

Exports to be factored in to meet 30% domestic sourcing norm

Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch

The Budget proposal of relaxing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed markets, Fitch Ratings said Monday. The Budget 2019-20 tabled in Parliament on July 5, permitted foreign companies to own up to 100 per cent in insurance intermediaries, including insurance agents, brokers, loss assessors and surveyors, from the 49 per cent, to attract more foreign direct investment into the industry. "India's proposed removal of the foreign-ownership cap on insurance intermediaries is likely to increase competition, strengthen distribution capabilities to enhance insurance penetration and boost M&A in the medium to long term," Fitch Ratings said in a statement. The proposed change is only applicable to insurance intermediaries while the cap on foreign ownership in insurance companies will remain at 49 per cent. Still, the government has indicated that it may take further .

India Inc's FDI down over two times to $820 million in June, shows RBI data

In May, the Indian firms had invested over $1.56 billion in their overseas ventures