Page-11 of FDI

Kalyani Group announces joint venture with Israel’s Rafael Advanced Defence System

February 19, 2015

India’s Kalyani Group has announced a joint venture (JV) with Rafael Advanced Defence System of Israel. This joint venture company will be based in India. It was announced by Chairman and Managing Director (MD) of Kalyani Group Baba Kalyani. It ..

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Union Cabinet gives nod to increase FDI in defence sector to 49%

August 7, 2014

The Union Cabinet cleared a proposal to enhance the Foreign Direct Investment (FDI) limit in defence sector to 49% from the current 26%. The step is aimed at boosting domestic defence industry of the country that imports up to 70% ..

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Union Cabinet gives nod to 49% FDI in insurance sector

July 25, 2014

The Union Cabinet approved the proposal of increasing the Foreign Direct Investment (FDI) limit in the insurance sector to 49% from the existing 26%. The move is in sync with the proposal made by Finance Minister Arun Jaitley in his ..

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Mayaram Committee’s definitions of FDI, FII accepted by the Government of India

June 21, 2014

The Government of India has accepted the report of Mayaram Committee thereby accepting the definitions of FII and FDI. The panel headed by Finance Secretary was set up to rationalize the definitions of FII and FDI. Some key points from ..

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Govt. allows FIIs, NRIs to invest in insurance sector

February 9, 2014

The Union Government has allowed 26% foreign investment in insurance sector in activities related to insurance viz. broking, Third Party Administrators (TPAs) and surveyors and permitted Foreign Institutional Investors (FIIs) and Non-Resident Indians (NRIs) to also invest in insurers within ..

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Delhi becomes first state to withdraw FDI in Multibrand Retail

January 16, 2014

The Aam Aadmi Party-led government has withdrawn the Foreign Direct Investment (FDI) in multi-brand retail in Delhi.  The government formally wrote to the Department of Industrial Policy and Promotion (DIPP) to disapprove the setting up of FDI-funded multi-brand retail stores ..

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Cabinet approves raising foreign investment to 62% in Axis Bank

December 29, 2013

The Cabinet Committee on Economic Affairs (CCEA) has given nod to the proposal of Axis Bank for hiking foreign investment from 49% to 62% entailing an inflow of about Rs 7,250 crore. It will be subject to the aggregate foreign ..

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GoI appoints panel to define FDI and FII

October 5, 2013

Government of India set up a four member committee headed by Arvind Mayaram, Economic Affairs Secretary to clear the ambiguity between Foreign Direct Investment (FDI) and Foreign Institutional Investment (FII). The panel will look into the difference between them and ..

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