The Reserve Bank of India (RBI) issued an operational framework for reclassification of foreign portfolio investment by FPI to FDI.
In April, FDI inflows were down marginally at USD 4.91 billion against USD 5.1 billion in April 2023.
Vistara will operate its final flight on November 11, 2024, as it merges with Air India on November 12. Post-September 3, 2024, bookings with Vistara for dates after November 11 will be redirected to Air India.
The merger, first announced in November 2022, is anticipated to be completed by the end of 2024. Singapore Airlines noted that the completion of the deal is contingent on compliance with Indian laws and other regulatory approvals.
Earlier in July, Chief Economic Adviser V. Anantha Nageswaran said New Delhi should focus on Foreign Direct Investments from China to boost its exports and help keep India's growing trade deficit with Beijing in check.
Gujarat registered an increase of 55 per cent in the FDI inflow during FY 2023-24 as compared to the inflow during FY 2022-23. The state got USD 7.3 billion in FY 2023-24 as compared to the USD 4.7 billion received in FY 2022-23.
P Chidambaram, former Union Finance Minister, criticised the BJP-led central government, asserting that the economy is experiencing severe distress. He supported his claim by highlighting a substantial decline in net foreign direct investment.
India has unveiled significant reforms in its space sector to attract foreign investment, allowing 100% FDI in satellite system manufacturing without approval and easing regulations for launch vehicles. These reforms are expected to stimulate economic growth, foster private sector participation.
Sugarcane is grown mainly in Maharashtra, Uttar Pradesh, and Karnataka. The FRP has been determined on the basis of recommendations of the Commission for Agricultural Costs and Prices (CACP) and after consultation with state governments and other stakeholders.
In November 2020, PPSL had applied for a licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways.
India's robust economic growth and investor-friendly policies position it as an attractive emerging market, drawing foreign investments despite global challenges. FDI is expected to rise in 2024, driven by healthy macroeconomic indicators and production-linked incentive schemes.
Reports published in September suggested that despite a slowdown in FDI influx, Maharashtra managed to attract Rs 36,634 crore of FDI equity inflows in the first quarter.
FDI inflows stood at USD 16.58 billion during April-June 2022-23. Inflows during January-March 2023 too had contracted 40.55 per cent to USD 9.28 billion.
FDI declines: Massive investments in capital-intensive chip FDI projects are underway, in line with the Government of India’s efforts to develop the industry.
India ranked 7th after the US, China, Hong Kong, Singapore, Canada and Brazil for FDI inflows in 2021.
IMF on Mar 30 released a paper on the Review of Institutional View (IV) on the Liberalization and Management of Capital Flows. The IV was adopted in 2012 and provides the basis for consistent Fund advice on policies related to capital flows.
"As of Aug 26, 2021 Yahoo India will no longer be publishing content. Your Yahoo Account, Mail and Search experiences will not be affected in any way and will operate as usual. We thank you for your support and readership," a notice on the Yahoo website said.
The World Investment Report 2021 by the UN Conference on Trade and Development (UNCTAD), released Monday, said global FDI flows have been severely hit by the pandemic and they plunged by 35 per cent in 2020 to USD 1 trillion from USD 1. 5 trillion the previous year
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.
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