NEW DELHI: From major Japanese and Australian funds to Europe and the US, Prime Minister Narendra Modi will sell India’s story to 20 global giants, with combined assets of $ 6 trillion, and launch long-term investments . The prime minister is scheduled to hold a round table discussion with the …
Read More »Amnesty International statement far from the truth, attempt to influence to investigate their illegalities: MHA | India News
NEW DELHI: Ministry of Interior (MHA) Tuesday rejected International AmnestyThe claims of an “incessant witch hunt” by the Center, calling them “exaggerated” and “far from the truth”. “The brilliant statements on humanitarian work and speaking truth to power are a ploy to divert attention from activities that clearly contravene Indian …
Read More »Dassault Aviation, MBDA Still Must Meet Compensation Obligations Under Rafale Agreement: CAG | India News
NEW DELHI: French aerospace specialty Dassault Aviation and European missile manufacturer MBDA have yet to fulfill their compensation obligations to offer high-tech to India as part of the deal related to the acquisition of 36 Rafale jets, the Controller and Auditor General it said in a report published Wednesday. Dassault …
Read More »74% IED in defense by automatic route, with national security annex
In 2018, the government relaxed the rules for FDI in the defense sector. (Proceedings) New Delhi: Foreign companies can directly invest up to 74 percent in the defense sector, the government said today, raising the limit on foreign direct investment (FDI) from 49 percent through the automatic route. However, foreign …
Read More »The government places the national security clause in increasing defense FDI to 74%
Written by Harikishan Sharma, Krishn Kaushik | New Delhi | Updated: September 10, 2020 8:30:57 am The policy was approved by the Union Cabinet on Tuesday. The new policy that raises the limit on foreign direct investment through automatic approval in the defense sector from 49% to 74% now has …
Read More »Foreign investors are serious about India’s commitment to reform: Sitharaman
NEW DELHI: Minister of Finance Nirmala Sitharaman on Saturday he said that India’s commitment to reform is being taken seriously by foreign investors, which is evident from the good inflow of FDI even during the Covid-19 era. Between April and July, foreign direct investment (FDI) in India stood at $ …
Read More »RBI likely to loosen rupee reins to help further gains
(Representative image) MUMBAI: The Reserve Bank of India (RBI) appears to have stopped trying to control the rupee to help exports, leaving the coin drift to a maximum of six months and raising expectations that it will continue to win, analysts and market participants said. RBI intervention in dollar purchases …
Read More »Narendra Modi’s Rare 20 lakh crore stimulus combines cunning geoeconomics with Swadeshi-coated reinforcement, but may not be a panacea for job growth
[ad_1] “Look at London, talk to Tokyo” is an expression that is sometimes used to describe a wink or a squint. But this could literally be a fitting metaphor for Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus announced to revive India’s economy affected by the COVID-19 pandemic. Behind Modi’s obvious …
Read More »Why labor law rejig is no reform
[ad_1] Several surveys and studies that have asked investors what they are most worried about often come up with a familiar list: labor laws, land acquisition costs and bureaucratic delays. The list of laws that govern India’s workforce is itself formidably large — at least 40 central laws and more …
Read More »Government plans to verify China’s FPI flows
[ad_1] NEW DELHI: After direct foreign investment (FDI), the government is trying to stifle rampant access to the Indian market by Chinese portfolio investors as it seeks to fill a possible gap that border investors can use to acquire shares in listed national companies. The economic affairs department of the …
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