Page-14 of FDI

Govt mulls over making gold imports pricey to control CAD

January 6, 2013

Finance Minister P. Chidambaram has hinted that import of gold may be made costlier to discourage the demand of the metal in order to contain widening Current Account Deficit (CAD). CAD, which represents the difference between exports and imports after ..

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Govt approves FDI proposals worth Rs.802 cr

December 30, 2012

Agreeing to the recommendations of FIPB [Foreign Investment Promotion Board], the Central Government cleared 12 FDI proposals which will make total inflow of over Rs.802 crore. Major Proposals cleared by FIPB:

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FDI ceiling in ARCs increased to 74%

December 28, 2012

With an aim to attract greater foreign expertise in the domain of asset reconstruction, the government has raised the foreign investment ceiling in Asset Reconstruction Companies (ARCs) to 74% from previous 49%. However, FDI in ARCs would need to abide ..

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FDI in retail passed in the Rajya Sabha also

December 11, 2012

The UPA government secured a second victory as FDI in retail was passed in the Rajya Sabha. It had already won vote in Lok Sabha. As seen by the government, this win will give fillip to implement economic reform agenda ..

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Apex court refuses to interfere with policy on FDI in retail

November 6, 2012

Asserting that Policy making is exclusive right of the executive, the Supreme Court refused to interfere with the policy on FDI in retail. The Centre informed the court that Reserve Bank of India had notified the amendments to the regulations ..

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DoT rejects proposal of Parekh panel

October 7, 2012

The Department of Telecommunications (DoT) rejected the proposal of the Parekh committee on the financing of infrastructure to increase the ceiling on FDI in this sector from current 74% to 100%. DoT opposes this due to security concerns . The ..

Government approves 14 FDI Proposals worth Rs 1584.11 crore

July 25, 2012

Based on the recommendation of the Foreign Investment Promotion Board, the government approved 14 FDI proposals worth Rs 1584.11 crore. The FDI proposals which obtained government sanction included Rs 225 Crore investment in the Indian operations of Asian equity research ..

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IKEA plans invest Rs 10,500 crore to set up 25 stores in India

June 25, 2012

Swedish IKEA, the world’s largest furniture manufacturer, has plans to invest about Rs 10,500 crore to establish 25 stores in single-brand retail in India. This will be the biggest investment in the single-brand retailing since the government allowed FDI in ..

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