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FDI in manufacturing of tobacco products prohibited: RBI
Reserve Bank of India (RBI) prohibited the foreign direct investment (FDI) in manufacturing of tobacco products. In this regard, RBI has issued a notification which prohibits the manufacturing of tobacco products activities such as wholesale cash and carry, retail trading ..
Month: Current Affairs - July, 2015
India leads FDI in South Asia with 34 billion investment in 2014: UNCTAD Report
India has topped in the regional inflow of Foreign Direct Investment (FDI) in South Asia region during year 2014, accounting for 34 billion US dollars investments. It was revealed in United Nations Conference on Trade and Development’s (UNCTAD’s) World Investment ..
Month: Current Affairs - June, 2015
India emerges as third largest FDI source for United Kingdom
India has emerged as the third largest Foreign Direct Investment (FDI) source for United Kingdom (UK) in 2014-15. It was revealed in recently released report Inward Investment Report 2014-15 of UK Trade and Industry (UKTI). This FDI source was based ..
Month: Current Affairs - June, 2015
FDI in services sector grows by 46% in 2014-15 fiscal
Foreign Direct Investment (FDI) inflows into the services sector grew by over 46 per cent to 3.25 billion dollars in 2014-15 fiscal. It was revealed by the Department of Industrial Policy and Promotion (DIPP). The FDI in this sector has ..
Month: Current Affairs - June, 2015
Union Government approves 21 FDI proposals worth Rs 281 crore
Union Government has approved twenty one proposals of Foreign Direct Investment (DI) amounting to over 280 crore rupees. The approved FDI proposals were based on recommendations of the Foreign Investment Promotion Board (FIPB) taken in its meeting held on 30 ..
Month: Current Affairs - May, 2015
Union Government relaxes FDI norms for NRIs, PIOs, OCI
Union Government has decided to amend Foreign Direct Investment (FDI) norms for NRIs, Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) to increase capital flows into the country. Decision in this regard was taken at Cabinet Committee ..
Month: Current Affairs - May, 2015
Union Government approves 10 FDI proposals worth Rs.2857.83 crore
Union Government has approved 10 Foreign Direct Investment (FDI) proposals worth 2857.83 crore rupees. These FDI proposals were approved by the Foreign Investment Promotion Board (FIPB). Some of proposals approved are Air Works India (Engineering) Private Limited’s proposal to increase ..
Month: Current Affairs - March, 2015
Parliament passes Insurance Laws (Amendment) Bill, 2015
Parliament has passed Insurance Laws (Amendment) Bill, 2015. It was first passed in Lok Sabha on 4 March 2015 and later in Rajya Sabha on 12 March 2015. In both the houses the bill was passed by voice vote. The ..