Page-2 of Foreign Direct Investment (FDI)
Rajya Sabha passes Insurance Amendment Bill
The Rajya Sabha has passed the “Insurance Amendment Bill 2021”. The Bill will amend the Insurance Act, 1938. The bill was passed even after the Opposition parties was criticising the bill for its clause that enable “control and ownership” by ..
Month: Current Affairs - March, 2021
What is IAIS?
International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation of insurance supervisors and regulators from more than 200 jurisdictions constituting 92% of the world’s insurance premiums. It is the international standard setting body in charge of developing and ..
Month: Current Affairs - December, 2020
Forex Reserves of India are rising
The Forex Reserves of India are increasing and are to hit 500 billion USD soon. In May 2020, the Indian Forex Reserves touched an all time high of 493 billion USD. What is Foreign Exchange Reserve? The Foreign Exchange Reserves ..
Month: Current Affairs - June, 2020
First 12,000 HP Electric Loco operationalized by Indian Railways
On May 19, 2020, the Indian Railways operationalized the first 12,000 HP electric locomotive. The locomotive was built by the French Alstom Company under the Make in India initiative. Highlights The locomotive was manufactured at the Madhepura Electric Locomotive in ..
Month: Current Affairs - May, 2020
UNCTAD: FDI inflows are to drop by 15% due to Corona Virus
The United Nations Conference on Trade, Investment and Development has warned that the Foreign Direct Investment flows all over the world will reduce by 15% due to Corona Virus. According to the organization, the outbreak could cost 2 trillion USD ..
Month: Current Affairs - March, 2020
India plans to boost clean energy sector
The Government of India is planning to integrate largest lenders to the power sector in order to help clean energy firms clear their dues. It includes Rural Electrification Corporation (REC), Power Finance Corporation (PFC) and Indian Renewable Energy Development Agency ..
Month: Current Affairs - December, 2019
India becomes Fourth Largest Foreign Investor into UK
As per the official figures published by the UK’s Department for International Trade, India has become the fourth largest foreign investor into the UK in 2016-17. India has lost its position as the third largest investor to France. Salient Facts In 2016-17, India had ..
Month: Current Affairs - July, 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
Finance Ministry asks Ministries to decide on FDI proposals within 60 Days
The finance Ministry has asked all those ministries tasked with clearing foreign direct investment proposals in the 12 sectors that require government’s nod to take a decision on such proposals within 60 days. Last month, the Cabinet abolished the Foreign Investment and ..
Month: Current Affairs - June, 2017
China overtakes US as top foreign investment destination: UNCTAD report
As per United Nations Conference of Trade and Development (UNCTAD) report, China has overtaken the United States (US) as the top destination for foreign direct investment (FDI). US was on top as foreign investment destination for past 11 years i.e. since 2003. Key facts from UNCTAD report ..