FDI in computer software, hardware jumps threefold to USD 26.14 bn in 2020-21: DPIIT data
Business | May 31, 2021 14:18 ISTForeign direct investment (FDI) in computer software and hardware jumped over threefold to USD 26.14 billion during 2020-21
Foreign direct investment (FDI) in computer software and hardware jumped over threefold to USD 26.14 billion during 2020-21
The government may hike the foreign direct investment (FDI) limit in the pension sector to 74 percent and a Bill in this regard is expected to come in the next Parliament session, according to sources.
The Lok Sabha on Monday gave a green signal to a bill that seeks to increase foreign direct investment (FDI) in the insurance sector from 49 percent to 74 percent. The Insurance (Amendment) Bill, 2021 was passed by Rajya Sabha last week.
Sitharaman presented the Union Budget 2021-22 on Monday, which was approved by the Union Cabinet headed by Prime Minister Narendra Modi earlier today.
The government is considering to tweak norms for e-commerce companies having FDI to prohibit them from selling products of vendors in which these online marketplaces or their parent firms hold stake indirectly, according to sources.
Telecom major Bharti Airtel on Tuesday said that it has received required regulatory approvals for 100 per cent foreign direct investment in its downstream companies.
The company got listed on stock exchanges in April 2018 and the government had raised Rs 438 crore by selling 26 per cent stake through IPO.
The Maharashtra government on Thursday approved a proposal to provide automatic, accelerated permission to FDI and industrial investment plans of Rs 50 crore and more in the state. The proposal was approved by the cabinet at its meeting here.
Foreign direct investment (FDI) in India rose by 13 per cent - the sharpest pace in the last four fiscals - to a record of USD 49.97 billion in 2019-20, according to official data. The country had received FDI of USD 44.36 billion during April-March 2018-19.
Finance Minister Nirmala Sitharaman announced raise in FDI from 49 percent to 74 percent in Defence manufacturing, while unveiling fourth tranche of Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi.
Finance Minister Nirmala Sitharaman and Minister of State (Finance) Anurag Thakur announced an increase in FDi in defence production from 49 to 74 per cent. However, Nirmala Sitharaman batted for Make In India in order to make the country self-reliant in defence sector.
Reliance Industries, Jio Platforms and Facebook, on April 21 announced the signing of binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms
India’s new rules for foreign direct investment (FDI) violate WTO principles of non-discrimination and are against free and fair trade, a Chinese embassy spokesperson in New Delhi said on Monday.
From now on, any Chinese company wanting to invest in India will require permission from the government
Foreign direct investment (FDI) into China fell 8.6 per cent year on year in the first two months of 2020 amid combined impacts of coronavirus and the extended Chinese New Year holidays, a commerce official said Friday, warning a grim scenario for the rest of the year.
To accommodate a smooth sale of Air India, the government has increased the Foreign Direct Investment (FDI) limit for the non resident Indians (NRI). The initiative comes as the government's long term plan to disinvest in Air India.
The Department of Telecom (DoT) had on Tuesday approved raising of foreign direct investment in Bharti Airtel to 100 per cent from 49 per cent allowed earlier, a stock exchange filing of the company had said.
The decision, likely to be considered by the Prime Minister's Office (PMO), would be a paradigm shift in India's nuclear power policy, and subsequently open the gates for multinational companies to invest in the country's nuclear energy projects.
As per the report of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Union Ministry of Commerce and Industry, Gujarat attracted FDI of Rs 24,012 crore between April and September of the current fiscal, which is double than the entire investment received last year, the state government stated in a release.
The government is contemplating a budget announcement to hike the foreign direct investment (FDI) limit in the aviation sector from 49 percent to 100 percent to attract international bids for Air India, slated for sale this financial year.
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