India attracts $209 billion FDI in 2014-2017: Government

India has attracted reaching US $208.99 billion foreign direct investment (FDI) during April 2014 to December 2017 period. The main sectors that received maximum FDI include services, computer software and hardware, telecommunications, construction, trading and automobile. Key Facts Foreign investments ..

Month: Current Affairs - March, 2018

Mauritius was largest source of Foreign Direct Investment (FDI) in India in FY17

Mauritius was the largest source of Foreign Direct Investment (FDI) in India in FY17, according to recent census by the Reserve Bank of India (RBI). It has 21.8% share at market value. As per RBI’s data on Census on Foreign ..

India’s first-ever FDI in fertiliser sector: Yara acquires Tata Chemicals urea plant

Norwegian fertiliser giant Yara International has announced completion of its acquisition of Tata Chemicals’ 1.2 million tonnes per annum production capacity urea plant at Babrala in Uttar Pradesh. The Rs. 2,682-crore acquisition deal includes transfer of all assets and liabilities ..

Month: Current Affairs - January, 2018

Cabinet approves amendments to FDI Policy

The Union Cabinet has approved number of amendments to Foreign Direct Investment (FDI) Policy. The purpose of amendments is to simplify and liberalise FDI policy in India to provide ease of doing business in country. The liberalized policy will lead ..

Month: Current Affairs - January, 2018

India, Switzerland ink two MoUs in the field of Railways

India and Switzerland have signed two Memorandum of Understandings (MoUs) for exchanging technical cooperation in the field of Railways. They were signed after delegation level talks between Prime Minister Narendra Modi and visiting President of Swiss Confederation Doris Leuthard in ..

Month: Current Affairs - August, 2017

UNCTAD: India among Top FDI Destinations

According to UNCTAD’s World Investment Report 2017, India continues to remain as a favourite destination for FDI even though tax related concerns remain as a deterrent for the foreign investors. Salient Highlights of the Report According to the report, the favourite ..

Month: Current Affairs - June, 2017

FDI inflow increases by 18% to $46 billion in 2016: DIPP

According to data released by the Department of Industrial Policy and Promotion (DIPP), India attracted $46 billion foreign direct investment (FDI) in 2016. It shows that, India’s FDI grew by 18% in 2016 as compared to $39.32 billion FDI inflows ..

Month: Current Affairs - February, 2017

FIPB clears 6 FDI proposals worth Rs 1,187 crore

The Inter-ministerial body Foreign Investment Promotion Board (FIPB) approved six investment proposals envisaging foreign investments of Rs 1,186.5 crore.  Decision in this regard was taken by FIPB meeting headed by Economic Affairs Secretary Shaktikanta Das. It has approved the proposals ..

Month: Current Affairs - January, 2017

FIPB clears 6 FDI proposals worth Rs 1,200 crore

The Foreign Investment Promotion Board (FIPB) has approved six Foreign Direct Investment (FDI) proposals worth Rs 1,200 crore. Decision in this regard was taken by FIPB meeting headed by Economic Affairs Secretary Shaktikanta Das. It has approved the proposals of, ..

Month: Current Affairs - December, 2016

India gets maximum FDI from Singapore

As per the report by industry chamber PHDCCI and KPMG, in 2015-16, India had received the maximum FDI inflows from Singapore followed by Mauritius, the US, the Netherlands and Japan. India had attracted $13.69 billion FDI from Singapore in 2015-16. ..