Union Government approves 100% FDI in Aviation, Defence and e-commerce sectors

The Union Government has eased foreign direct investment (FDI) norms for nine sectors to give impetus to job creation and ease of doing business in the country. Decision in this regard was taken at a high-level meeting chaired by Prime ..

Month: Current Affairs - June, 2016

India replaces China as top FDI destination in 2015: FDI Intelligence Report

According to FDI Intelligence Report India has replaced China as the top Foreign Direct Investment (FDI) destination by attracting $63 billion worth FDI projects in 2015. FDI Intelligence is a division of international media company – The Financial Times Limited. ..

Month: Current Affairs - April, 2016

DIPP notifies 49% FDI under automatic route in Insurance and Pension sector

The Union Commerce and Industry Ministry has notified foreign direct investment (FDI) upto 49% in insurance and pension sector will be under automatic route. In this regard, Department of Industrial Policy and Promotion (DIPP) has issued official notification to liberalise ..

Month: Current Affairs - March, 2016

Singapore replaces Mauritius as top source of FDI into India

Singapore has replaced Mauritius as the top source of foreign direct investment (FDI) into India during the first half of the current fiscal year 2015-16. It was unveiled by the data during April to September 2015 period released by the ..

Month: Current Affairs - December, 2015

Indian Railways ink Rs 40000 cr deal of locomotive plants with GE, Alstom in Bihar

Indian Railways has signed 40,000 crore rupees contracts with General Electrics (GE) and Alstom to set up two locomotive plants in Bihar. Under this deal, first venture the electric locomotive factory would be set up at Madhepura city and diesel ..

Month: Current Affairs - December, 2015

Union Cabinet allows 100 per cent FDI under automatic route for white label ATMs

The Union Cabinet has allowed 100 per cent foreign direct investment (FDI) under the automatic route for white label ATM operations (WLAO). Decision in this regard was taken in Union Cabinet meeting chaired by Prime Minister Narendra Modi in New ..

Month: Current Affairs - September, 2015

Central Government liberalises single-brand retail norms for non-resident entities

Now non resident single-branded retailers in India can operate their own outlets can franchise their stores and can even opt for wholesale business as per central government’s new notification. These single-brand retailers can opt for above said trading options only ..

Month: Current Affairs - August, 2015

Union Cabinet gives nod to Composite Foreign Investment Cap

Union Cabinet has given nod to introduce composite foreign investment cap in a bid to streamline the Foreign Direct Investment (FDI) structure. Decision in this regard was taken during Union Cabinet meeting chaired by Prime Minister Narendra  Modi in New ..

Month: Current Affairs - July, 2015