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10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
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Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel
Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a hike in foreign direct investment is highly warranted. Other sectors have been allowed to have FDI via automatic route. Considering the fact aviation ...
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100% FDI In Aviation Expected In Budget Speech: Report
In the last budget speech in July, Finance Minister Nirmala Sitharaman said the government proposed to hike the FDI limit in domestic air carriers from the 49 per cent.
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Government Mulls Diluting FDI Rules Ahead Of Air India Sell-Off: Report
The present FDI rules allow up to 100 per cent FDI in domestic carriers but the investment by a foreign airline is capped at 49 per cent. Further, substantial ownership and effective control has to be in the hands of Indians.
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Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
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Budget 2019: Government Proposes FDI Relaxation In Media, Aviation, Single Brand Retail
Finance Minister Nirmala Sitharaman in her Budget speech said that India's FDI inflows in 2018-19 grew by 6 per cent to $64.37 billion.
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Winners and Losers: Who Got How Much in Budget 2019
In her budget speech Finance Minister Nirmala Sitharaman announced plans to sell India's first global sovereign bonds and ease rules for overseas investors to help revive economic growth
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Budget Proposes More Foreign Investment in Media, Aviation
Union minister NIrmala Sitharaman today indicated the government is ready to relax the norms in Foreign Direct Investment or FDI in sensitive areas like aviation, insurance as well as the media in its efforts to boost the economy.
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Centre Suggests Easing Foreign Investment Norms For Media, Aviation
The government today proposed relaxation in Foreign Direct Investment (FDI) norms for sectors such as media, aviation, insurance, and single brand retail.
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In Budget, Centre Proposes FDI Norm Relaxation In Media, Aviation, Insurance
The government on Friday proposed relaxation in the FDI norms for sectors such as media, aviation, insurance, and single brand retail with a view to attract more overseas investment.
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Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
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Home Ministry Gave Security Clearance To 6,200 Proposals, FDI In 2 Years
The Home Ministry has given security clearance to more than 6,200 proposals, including 134 foreign direct investment plans, in the past two years in critical sectors such as defence, civil aviation and telecom, the government told the Lok Sabha Tuesday.
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Qatar Airways Defers Airline In India, Seeks Clarity On FDI Rules
India has permitted foreign investors, barring foreign airlines, from owning up to 100 per cent stake in local carriers.
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FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
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Working On 'Appropriate Policies' For 100% FDI In Airlines: Government
The Minister of State for Civil Aviation also said the Ministry has not yet received any formal application from any airline with respect to 100 per cent FDI.
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10 Takeaways From Nirmala Sitharaman's Announcements For Defence, Aviation
Finance Minister Nirmala Sitharaman detailed reforms to eight sectors today in the fourth tranche of announcements related to the government's Rs 20 lakh crore package for the coronavirus-hit Indian economy. Among today's big-ticket measures were a 25 per cent increase in FDI in the defence sector and removal of government monopoly on coal mining. ...
-
Budget 2020: Aviation Experts Seek Rationalisation Of Taxes On Aviation Turbine Fuel
Ankur Bhatia, Managing Director, Amadeus, Indian Subcontinent believes "the government should actively consider addressing the two concerns the aviation industry is currently grappling with. First, a hike in foreign direct investment is highly warranted. Other sectors have been allowed to have FDI via automatic route. Considering the fact aviation ...
-
100% FDI In Aviation Expected In Budget Speech: Report
In the last budget speech in July, Finance Minister Nirmala Sitharaman said the government proposed to hike the FDI limit in domestic air carriers from the 49 per cent.
-
Government Mulls Diluting FDI Rules Ahead Of Air India Sell-Off: Report
The present FDI rules allow up to 100 per cent FDI in domestic carriers but the investment by a foreign airline is capped at 49 per cent. Further, substantial ownership and effective control has to be in the hands of Indians.
-
Tax For Wealthy, Focus On Poor: Nirmala Sitharaman's Budget In 10 Points
Finance Minister Nirmala Sitharaman raised taxes for the super-rich and hiked duties on fuel, gold and automobile parts in her first Budget on Friday, in measures aimed at tackling a five-year low in growth while tightening fiscal consolidation. To restart investment, Prime Minister Narendra Modi's government also eased FDI in the insurance and avi...
-
Budget 2019: Government Proposes FDI Relaxation In Media, Aviation, Single Brand Retail
Finance Minister Nirmala Sitharaman in her Budget speech said that India's FDI inflows in 2018-19 grew by 6 per cent to $64.37 billion.
-
Winners and Losers: Who Got How Much in Budget 2019
In her budget speech Finance Minister Nirmala Sitharaman announced plans to sell India's first global sovereign bonds and ease rules for overseas investors to help revive economic growth
-
Budget Proposes More Foreign Investment in Media, Aviation
Union minister NIrmala Sitharaman today indicated the government is ready to relax the norms in Foreign Direct Investment or FDI in sensitive areas like aviation, insurance as well as the media in its efforts to boost the economy.
-
Centre Suggests Easing Foreign Investment Norms For Media, Aviation
The government today proposed relaxation in Foreign Direct Investment (FDI) norms for sectors such as media, aviation, insurance, and single brand retail.
-
In Budget, Centre Proposes FDI Norm Relaxation In Media, Aviation, Insurance
The government on Friday proposed relaxation in the FDI norms for sectors such as media, aviation, insurance, and single brand retail with a view to attract more overseas investment.
-
Budget 2019 Updates: "Budget Presented With 10 Year Vision In Mind," Says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman, presenting the Union Budget, said that non-resident Indians (NRIs) may get Aadhaar cards on arrival, without the mandatory waiting period. The government is contemplating enhancing foreign direct investment (FDI) in media and aviation sectors, Ms Sitharaman said today while presenting her first budget. Ms Sitha...
-
Home Ministry Gave Security Clearance To 6,200 Proposals, FDI In 2 Years
The Home Ministry has given security clearance to more than 6,200 proposals, including 134 foreign direct investment plans, in the past two years in critical sectors such as defence, civil aviation and telecom, the government told the Lok Sabha Tuesday.
-
Qatar Airways Defers Airline In India, Seeks Clarity On FDI Rules
India has permitted foreign investors, barring foreign airlines, from owning up to 100 per cent stake in local carriers.
-
FDI Okayed For Air India, Congress Says Government Doesn't Care
The Narendra Modi government today opened the doors for foreign investment in Air India -- a move that is expected to expedite the divestment process of the debt-ridden national carrier. Under the plan cleared by the cabinet this morning, foreign airlines will be able to make up to 49 per cent direct investment in Air India, leaving the control of ...
-
Working On 'Appropriate Policies' For 100% FDI In Airlines: Government
The Minister of State for Civil Aviation also said the Ministry has not yet received any formal application from any airline with respect to 100 per cent FDI.
