Piloting the Bill, Finance Minister Nirmala Sitharaman said hiking the FDI limit in the insurance sector will help insurers raise additional funds and tide over the financial problems.
In the first paperless Union Budget, Finance Minister Nirmala Sitharaman also said investor charter would be introduced as a right of all financial investors across all financial products.
The decline in FDI inflows was concentrated in developed countries, where fund flows fell by 69 per cent to an estimated USD 229 billion.
In a session titled ‘Transformation of India with a focus on the entrepreneur ecosystem’ Kant said that India has grown as a technology country.
Singapore with USD 8.30 billion foreign inflows continued to be the top source of FDI for India in April-September 2020-21.
Marks the largest FDI in the history of the State, aimed at creating the AWSCloud region in the city by mid-2022
Niti Aayog Vice Chairman said India is committed to the global economy and opening trade orde
The Road Transport, Highways and MSME minister also said that talks are on with various pension funds, insurance funds and financial institutions.
The senior minister said such funds would benefit the country as there is a need for pumping in liquidity into the market.
Declining for the third straight month, India's exports dipped 36.47 per cent in May to $19.05 billion.
As a part of digital transformation of manufacturing, company to use robotics in Hyderabad facility
Singapore emerged as the largest source of FDI in India during the last fiscal with USD 14.67 billion investments.
As per the current FDI policy, 100 percent overseas investments are permitted in the defence industry -- 49 percent under the automatic route, while beyond that government approval is required.