Page 3 - Latest Updates on FDI
Fema tweaks on the cards to allow FPIs to seamlessly access FDI route
This move comes in response to several requests from foreign investors seeking to simplify the reporting requirements they currently face when exceeding the 10 per cent threshold
 "Fema tweaks on the cards to allow FPIs to seamlessly access FDI route")
DPIIT floats note to seek distinction between online game of skill, chance
The official said that a clear distinction between the two is necessary to seek foreign investments as online game of skill has huge potential
 "DPIIT floats note to seek distinction between online game of skill, chance")
Remitting large amount abroad? Pay TCS, declare income accurately
Maintain detailed records of foreign remittances, including purpose, amount, and beneficiary details
 "Remitting large amount abroad? Pay TCS, declare income accurately")
Net foreign direct investment rises to $6.9 billion in Q1, shows RBI data
Manufacturing, financial services, communication services, computer services, and electricity and other energy sectors accounted for about 80 per cent of the gross FDI inflows
FDI in food processing sector down 30% to Rs 5,037 crore in 2023-24
FDI was Rs 6,414.67 crore in 2019-20; Rs 4430.44 crore in 2018-19; Rs 5,835.62 crore in 2017-18; Rs 4,865.85 crore in 2016-17; and Rs 3,312 crore in 2015-16 in the food processing sector
 "FDI in food processing sector down 30% to Rs 5,037 crore in 2023-24")
FDI in manufacturing rises 69% to $165 bn during 2014-24: Jitin Prasada
FDI equity inflow in the manufacturing sectors in the last ten financial years (2014-24) has increased by 69 per cent to $165.1 bn as compared to $97.7 bn in the previous ten financial years, MoS said
 "FDI in manufacturing rises 69% to $165 bn during 2014-24: Jitin Prasada")
Rupee nears 84 per US dollar tracking Asian peers, foreign outflows
RBI intervenes in off-shore, spot markets to curb volatility
 "Rupee nears 84 per US dollar tracking Asian peers, foreign outflows")
FDI from China better for local manufacturing boost: Niti member Virmani
As the US and Europe are shifting their immediate sourcing away from China, it is more effective to have Chinese companies invest in India
 "FDI from China better for local manufacturing boost: Niti member Virmani")
Strategic reforms can enhance India's appeal to global investors: GTRI
India attracted $44.4 billion in FDI (foreign direct investment) in FY2024, which is only 1.1% of its GDP
 "Strategic reforms can enhance India's appeal to global investors: GTRI")
Mid-tech FDI for job creation need of the hour: Business Standard panel
Panel stresses the need to keep import tariffs low and stable; says private sector required to create jobs as mentioned in Budget
 "Mid-tech FDI for job creation need of the hour: Business Standard panel")
No rethinking on support for Chinese for investments in India: Piyush Goyal
European Union has suggested India devise its own mechanism instead of paying carbon tax for imports, says Commerce Minister
 "No rethinking on support for Chinese for investments in India: Piyush Goyal")
Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA
Professor Krishnamurthy Subramanian said that the removal of Angel Tax would be significant for India's startup ecosystem and encourage investments from outside
 "Reduction of corporate tax in Budget will promote India-US trade: Ex-CEA")
No rethinking on supporting Chinese investments in India: Piyush Goyal
The Survey, he said, is not at all binding on the government and there is no thinking on supporting Chinese investments in the country
 "No rethinking on supporting Chinese investments in India: Piyush Goyal")
DPIIT working on proposal to further tighten FDI rules in tobacco sector
At present, foreign direct investment (FDI) is prohibited in the manufacturing of cigars, cheroots, cigarillos and cigarettes of tobacco
 "DPIIT working on proposal to further tighten FDI rules in tobacco sector")
Clear guidelines needed for approving China's FDI plans: NITI Aayog VC
Earlier this week, the pre-budget Economic Survey has also made a strong case for seeking FDI from Beijing to boost local manufacturing and tap the export market
 "Clear guidelines needed for approving China's FDI plans: NITI Aayog VC")
Shouldn't have fiscal incentive or disincentive towards savings: DEA secy
We are moving in the direction of fiscal prudence as well as finding adequate money for priority expenditure, he says
 "Shouldn't have fiscal incentive or disincentive towards savings: DEA secy")
DPIIT to create timelines for govt agencies for clearance of FDI proposals
He said that the concerned ministries and departments will be nudged to prioritise applications and speed up the process of approvals
Budget 2024: Well-defined, well-responsible Budget, says Usispf Ceo Aghi
The Usispf chief said that the infrastructure spending and defense capital expenditure has gone up
 "Budget 2024: Well-defined, well-responsible Budget, says Usispf Ceo Aghi")
Budget 2024: Slow improvement in capacity utilisation, FDI falling
Rules for foreign direct investment and overseas investments to be simplified
 "Budget 2024: Slow improvement in capacity utilisation, FDI falling")
UK businesses, investors community receive Union Budget with enthusiasm
There were a couple of announcements which I think will help the UK-India corridor: one was the reduction in the Corporate Tax rate for foreign companies, which is excellent news
 "UK businesses, investors community receive Union Budget with enthusiasm")
