Wednesday, September 22, 2021
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Parliament passes Insurance (Amendment) Bill, 2021; FDI cap to be hiked to 74 pc

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.

Govt to introduce DFI Bill in Lok Sabha next week

The union cabinet earlier this week had approved a budget proposal of setting up a Development Finance Institution (DFI), which will have tax benefits to enable fund raising from investors.

India now has 4th largest forex reserves

Reserves for India and Russia have plateaued rising for months. India pulled ahead as Russian holdings declined at a faster rate.

Indo-China business as usual

China regaining its position as India’s top trade partner in 2020 reflects the hard economic realities

Editorial: Boost for defence indigenisation

A fine balancing is needed involving a push to indigenisation and simultaneously seeking weaponry from abroad

Govt proposes to increase FDI cap in insurance sector to 74 pc     

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.

‘FDI in India rose by 13% in 2020, as inflows declined in major economies’

The decline in FDI inflows was concentrated in developed countries, where fund flows fell by 69 per cent to an estimated USD 229 billion.

AI can help add $957 billion to Indian economy by 2035: Kant

In a session titled ‘Transformation of India with a focus on the entrepreneur ecosystem’ Kant said that India has grown as a technology country.

US second biggest FDI source for India during Apr-Sep 2020

Singapore with USD 8.30 billion foreign inflows continued to be the top source of FDI for India in April-September 2020-21.

Amazon Web Services to invest Rs 20,761 crore in data centres in Telangana

Marks the largest FDI in the history of the State, aimed at creating the AWSCloud region in the city by mid-2022

India to pursue self reliance, support domestic entrepreneurs: Rajiv Kumar

Niti Aayog Vice Chairman said India is committed to the global economy and opening trade orde

Govt taking steps to attract FDI in Infra to address liquidity crunch: Gadkari

The Road Transport, Highways and MSME minister also said that talks are on with various pension funds, insurance funds and financial institutions.

FDI remains buoyant, says IHS Markit

The IHS Markit Purchasing Managers' surveys for India showed that economic momentum improved in June, reflecting the easing of COVID-19 related restrictions during May and June.

India needs Rs 50-60 lakh cr FDI to bolster economy: Gadkari

The senior minister said such funds would benefit the country as there is a need for pumping in liquidity into the market.

Window with little breeze

The efficacy of ANBA rests on private investment and easy flow of credit to agriculture and MSMEs

Exports improving, down by about 10-12 pc so far in June: Piyush Goyal

Declining for the third straight month, India's exports dipped 36.47 per cent in May to $19.05 billion.

Tata Lockheed to accelerate manufacturing in Hyderabad

As a part of digital transformation of manufacturing, company to use robotics in Hyderabad facility

Singapore top source of FDI in FY20

New Delhi: Singapore was the top source of foreign direct investment into India for the second consecutive financial year, accounting for about 30 per cent...

FDI in India jumps 13 pc to record USD 49.98 bn in 2019-20

Singapore emerged as the largest source of FDI in India during the last fiscal with USD 14.67 billion investments.

Defence stocks close mixed after smart early trade rally

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.

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