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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. ..
India crosses $300 billion milestone
India has received over US $300 billion US Foreign Direct Investment (FDI) milestone between April 2000 and September 2016. The cumulative FDI inflows during the period amounted to US $310.26 billion. With this, India firmly established its credentials as a ..
Month: Current Affairs - December, 2016
Union Cabinet approves liberalization of FDI norms for NBFCs
The Union Cabinet has approved liberalization of foreign investment norms for the non-banking finance companies (NBFCs) to improve the ease of doing business. Decision in this regard, Union Cabinet meeting chaired by Prime Minister Narendra Modi in New Delhi. Cabinet ..
Month: Current Affairs - August, 2016
Union Cabinet increases limit for foreign investment in Stock Exchanges from 5% to 15%
The Union Cabinet has given its approval for raising foreign shareholding limit from current 5% to 15% in Indian Stock Exchanges. The decision brings the investment limit of foreign entities at par with that of domestic institutions. This enhanced limit ..
Month: Current Affairs - July, 2016
India ranks 10th in FDI inflows: UNCTAD report
As per the recently released 2016 World Investment Report, India ranks 10th in FDI (Foreign Direct Investment) inflows. As per the report, India’s FDI inflows have increased to 44 billion dollars in 2015 as compared to 35 billion dollars in ..
Month: Current Affairs - June, 2016