Fdi Decision

India's burgeoning space ecosystem is praising the decision taken by Prime Minister Narendra Modi's government to open up the space sector and allow increased foreign direct investment. The move has largely been welcomed by all stakeholders.

Union cabinet on Saturday okayed up to 20 per cent foreign direct investment under automatic route in Life Insurance Corporation

Government has issued a press note saying that foreign investment in telecom sector will be as per norms of Press Note 3 of 2020.

In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...

In a big telecom reform, the centre has announced 100 per cent foreign direct investment (FDI) in the telecom sector through the automatic route as part of its comprehensive package for the telecom sector."100 per cent FDI in telecom via the automatic route was approved by the cabinet," telecom minister Ashwini Vaishnav said while briefing reporter...

Department for Promotion of Industry and Internal Trade (DPIIT) notified the government's decision to increase the foreign direct investment limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier.

As per the existing norms, 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines. In the case of scheduled airlines, 49 per cent FDI is permitted through automatic approval route and any such investment beyond that level requires government nod.

Welcoming the Narendra Modi cabinet's decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.

The government on Wenesday relaxed FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent Foreign Direct Investment...

The decision pertaining to HDFC Bank FDI was taken at the cabinet meet held on Wednesday.

The Cabinet today liberalised FDI or foreign direct investment in key sectors including allowing 100 per cent FDI under automatic route in single brand retail trading. It also allowed foreign airlines to invest up to 49 per cent under approval route in national carrier Air India. This move is expected to expedite the divestment process for Air Indi...

The consolidated policy is a compilation of the various decisions taken by the government in the past one year.

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

Earlier, the finance ministry in May had rejected relaxing the 30 per cent domestic sourcing norms, as sought by the iPhone and iPad maker as a pre-condition for bringing in FDI to set up single-brand retail stores in the country.

Government's decision to open up foreign direct investment in defence, pharma aviation, single-brand retail and broadcasting, among others, was music to investors' ears.

India's burgeoning space ecosystem is praising the decision taken by Prime Minister Narendra Modi's government to open up the space sector and allow increased foreign direct investment. The move has largely been welcomed by all stakeholders.

Union cabinet on Saturday okayed up to 20 per cent foreign direct investment under automatic route in Life Insurance Corporation

Government has issued a press note saying that foreign investment in telecom sector will be as per norms of Press Note 3 of 2020.

In a major reform push for the telecom sector in the country, the Union Cabinet on Wednesday cleared nine structural and five procedural reforms which are expected to reduce the financial burden off the cash strapped telecom firms and at the same time are also aimed at providing cash flow into the government's kitty, which would be used for install...

In a big telecom reform, the centre has announced 100 per cent foreign direct investment (FDI) in the telecom sector through the automatic route as part of its comprehensive package for the telecom sector."100 per cent FDI in telecom via the automatic route was approved by the cabinet," telecom minister Ashwini Vaishnav said while briefing reporter...

Department for Promotion of Industry and Internal Trade (DPIIT) notified the government's decision to increase the foreign direct investment limit in the insurance sector under the automatic route to 75 per cent from 49 per cent earlier.

As per the existing norms, 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines. In the case of scheduled airlines, 49 per cent FDI is permitted through automatic approval route and any such investment beyond that level requires government nod.

Welcoming the Narendra Modi cabinet's decision to ease the 30 per cent local sourcing norm in single-brand retail (SBRT), Apple on Thursday said it looks forward to welcoming customers at its first branded retail store in India soon.

The government on Wenesday relaxed FDI rule for foreign single brand retailers and also permitted foreign investment in contract manufacturing and coal mining. Briefing reporters on the decisions taken by the Union Cabinet headed by Prime Minister Narendra Modi, Commerce and Industry Minister Piyush Goyal said 100 per cent Foreign Direct Investment...

The decision pertaining to HDFC Bank FDI was taken at the cabinet meet held on Wednesday.

The Cabinet today liberalised FDI or foreign direct investment in key sectors including allowing 100 per cent FDI under automatic route in single brand retail trading. It also allowed foreign airlines to invest up to 49 per cent under approval route in national carrier Air India. This move is expected to expedite the divestment process for Air Indi...

The consolidated policy is a compilation of the various decisions taken by the government in the past one year.

The step is in keeping with plans to make India an easier place to do business, Finance Minister Arun Jaitley said.

Earlier, the finance ministry in May had rejected relaxing the 30 per cent domestic sourcing norms, as sought by the iPhone and iPad maker as a pre-condition for bringing in FDI to set up single-brand retail stores in the country.

Government's decision to open up foreign direct investment in defence, pharma aviation, single-brand retail and broadcasting, among others, was music to investors' ears.