Page 6 - Foreign Direct Investment

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

Budget impact: FDI cap in insurance sector may be raised to 74%

The govt is also looking to allow FDI in information utilities at 100% through govt approval route

Budget 2019 analysis: Here's what 5 key sectors expected and what they got

EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions

No FDI love? Apple, Amazon show 2 faces of India's quest to lure investment

India definitely needs to attract investments in manufacturing and other sectors

FDI in services sector rises 37% to $9.15 billion in 2018-19, says govt

Foreign direct investment in services sector grew 36.5 per cent to USD 9.15 billion in 2018-19, according to the Department for Promotion of Industry and Internal Trade (DPIIT). The sector attracted FDI worth USD 6.7 billion in 2017-18. Services sector includes finance, banking, insurance, outsourcing, R&D, courier, tech testing and analysis. The government has taken several measures like fixing timeliness for approvals and streamlining procedures to improve ease of doing business in the country and attract foreign investments. Increasing FDI inflows in services sector is vital as it contributes over 60 per cent to the gross domestic product. The sector accounts for about 18 per cent of the total FDI India received between April 2000 and March 2019. Other sectors that recorded healthy growth in FDI inflows include computer software and hardware, trading, automobile industry, and chemicals. The overall FDI inflows declined for the first time in the last six years in 2018-19, ...

Defence industries attract meagre $0.21 million FDI during Apr-Sept 2018

In 2014-15, 2015-16 and 2017-18, defence industries received $0.08 million, $0.10 million and $0.01 million foreign inflows, respectively

Losing credibility

Poor data hurts policymaking and accountability

US-India industry body calls FDI guidelines for e-tailers 'regressive'

Executives from both Amazon and Walmart-Flipkart are planning to meet DIPP Secretary to understand the reasons behind the sudden crackdown and find a middle ground

US-based IT firm VMware to invest $2 bn in India in 5 years to expand ops

VMware's primary India sites include Bangalore, Pune and Chennai

FDI in food processing sector surges 24% to $905 million in FY18

The sector would attract an investment of $14 billion over the next 2-3 years

Foreign direct investment: A long saga of broken promises

One of the biggest promises of investment came from the Chinese real estate conglomerate Dalian Wanda

FDI stumbles, too

Govt must not abandon structural reforms

At 3%, FDI inflows clocked slowest growth rate of last five years in FY18

According to experts, it is critical to revive domestic investments

FDI inflows expected to surge around $75-billion in 5 years: UBS report

The report also noted that India needs to focus on attracting stable FDI flows to improve competitiveness of manufacturing sector