Tag: FDI

India allows 100 per cent FDI through automatic route in telecom reforms

NEW DELHI: In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route. Briefing reporters on the decisions taken by the Cabinet, Telecom […]

Draft cabinet note floated for 100% FDI in oil PSUs approved for disinvestment: Sources

NEW DELHI: The commerce and industry ministry has floated a draft cabinet note seeking inter-ministerial views on a proposal to allow up to 100 per cent foreign investment under automatic route in oil and gas PSUs, which have an ‘in-principle’ approval for disinvestment, sources said. The move, if approved by the union cabinet, would facilitate […]

April-September FDI inflow at $30 billion; Mauritius, Singapore top sources

NEW DELHI: With India being an attractive destination for foreign funds despite the pandemic, FDI inflow rose 15 per cent during the April-September period to $30 billion. During the same period last fiscal, total FDI inflow stood at $26 billion. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), Mauritius […]

100% FDI in affordable rental housing soon: Hardeep Singh Puri

NEW DELHI: In a bid to resurrect from a continuous decline in the housing sales and revive the demand amid the worst hit Covid pandemic, the country’s real estate developers will soon offer over 2.70 lakh ‘ready – to – move – in’ houses for online sales to the homebuyers in a first and biggest […]

Rahul Gandhi thanks Narendra Modi government for changing FDI norms after his warning

NEW DELHI:Congress leader Rahul Gandhi thanked the government on Saturday for amending the foreign direct investment (FDI) policy after his warning on takeover of Indian companies by foreign players during the COVID-19 crisis. “I thank the Government for taking note of my warning and amending the FDI norms to make it mandatory for Government approval […]

Restrictions on foreign e-commerce companies to hit FDI in India: US industry body

WASHINGTON: Expressing concern over India tightening restrictions on foreign e-commerce companies operating in the country, leading American industry advocacy groups have said that such a move would have a long-term negative impact on the foreign direct investment as well as consumers. Earlier this week, the government announced changes to the foreign direct investment policy for […]

Back To Top