Page-12 of FDI
Current Account Deficit (CAD) in Q1 surges to $21.8 billion
As per the Reserve Bank of India (RBI), India’s Current Account Deficit (CAD) for the first quarter ended June 2013 has widened to 4.9% of Gross Domestic Product (GDP) compared to 4% in the same period of the previous financial ..
Month: Current Affairs - October, 2013
Category: India Nation & States Current Affairs
Definition of 'control' in relation to FDI notified by RBI
The Reserve Bank of India notified the definition of term ‘control’ in the context of Foreign Direct Investment (FDI) and revised the list of states where FDI is allowed in multi-brand retail. What is ‘Control’ as per RBI notification? ‘Control’ shall include the ..
Month: Current Affairs - September, 2013
SEBI relaxes KYC norms for foreign investors
In a bid to attract foreign investors to Indian capital markets, stock market regulator SEBI eased registration and disclosure norms for low-risk foreign investors and exempted low-risk overseas entities from onerous paper work. SEBI has formed 3 categories which classifies ..
Month: Current Affairs - September, 2013
No proposal to increase FDI ceiling in banks
The government has clarified that there is no proposal to raise foreign investment limit in the banking sector. What is the current status of foreign investment in banking sector? Currently, the aggregate foreign investment (FDI, FII and NRI) cannot be ..
Month: Current Affairs - August, 2013
FDI limit in Asset Reconstruction Companies hiked to 74% – RBI
As per the RBI, the limit on Foreign Direct Investment (FDI) in Asset Reconstruction Companies (ARCs) has been increased to 74% from 49%, another measure to attract capital inflows to support a declining Rupee. The foreign investment limit of 74% in the company ..
Month: Current Affairs - August, 2013
Government to tweak FDI policy for pharma to protect domestic units
A high-level meeting chaired by Prime Minister Manmohan Singh has asked the Commerce and Industry Ministry to start inter-Ministerial consultations on the issue of changing the norms of FDI policy for pharma which, in its current form, is not serving ..
Month: Current Affairs - August, 2013
CCEA approves dilution of safeguards for FDI in multi-brand retail
The Cabinet Committee on Economic Affairs (CCEA) has given its nod for the “dilution” of certain safeguards including relaxing the 30% sourcing norm and doing away with the mandatory 50% condition for backend infrastructure investment which were approved by Parliament ..
Month: Current Affairs - August, 2013
Category: India Nation & States Current Affairs
CCEA to consider new definition of “Control” in FDI policy
The existing clause in the FDI policy states that a company owned and controlled by resident Indian citizens has the power to appoint majority of its directors in that company. Now the Cabinet Committee on Economic Affairs (CCEA) has decided ..