News

India`s automotive industry poised to rank number three in world by 2030: Government The government has said that India's automotive industry is poised to rank number three in the world by 2030, with various schemes like the Rs 25,938 crore Production Linked Incentive (PLI) for Automobile and Auto Components supporting the sector's growth. Ministry of Heavy Industries (MHI) considers the PLI-Auto applicants of automotive industry as one of the crucial stakeholders of the scheme. It emphasized that the goal of deep localization and development of Advanced Automotive...
India`s automotive industry poised to rank number three in world by 2030: Government
India`s automotive industry poised to rank number three in world by 2030: Government
Source: Accord Fintech
29/08/2023 12:39:47 PM
E-commerce industry needs regulation to provide level-playing field for small businesses: CAIT Confederation of All India Traders (CAIT) has said that the e-commerce industry needs regulation to provide a level-playing field for small businesses. CAIT Secretary General Praveen Khandelwal said that the same set of 5-6 companies are top sellers on prominent e-commerce platforms which leaves no scope for small businesses to grow. He said 'there has to be a regulatory authority like SEBI for share market, and for telecom industry to regulate and monitor e-commerce and we are going to r...
E-commerce industry needs regulation to provide level-playing field for small businesses: CAIT
E-commerce industry needs regulation to provide level-playing field for small businesses: CAIT
Source: Accord Fintech
23/08/2023 12:25:20 PM
Investments in country rose by 65% between 2014-15 and 2022-23 Investments in the country have risen by 65 per cent between 2014-15 and 2022-23, from Rs 32,78,096 crore to Rs 54, 34,691 crore. The government and private sector together invest in the economy, which is indicated by Gross Fixed Capital Formation (GFCF) in the Indian economy.   This GFCF was Rs 32.78 lakh crore (constant 2011-12 prices) in 2014-15, which rose by 65 per cent to Rs  54.35 lakh crore in 2022-23 (as per provisional estimates).    To spur inv...
Investments in country rose by 65% between 2014-15 and 2022-23
Investments in country rose by 65% between 2014-15 and 2022-23
Source: IANS
6/08/2023 11:51:43 AM
Indian online skill gamings stakeholders come together to save industry: 1m Indian jobs, 400m Indian users, $2.5b investments More than 120 CEOs/founders of online skill gaming companies and game developers along with all the industry bodies have written to the PMO and relevant ministries in the interest of protecting the online skill gaming industry. On Tuesday, the GST Council announced to impose a 28 per cent tax on online gaming at the full-face value, shocking the industry and leaving them in significant distress. Currently, the industry is paying 18 per cent GST on GGR/ Platform Fee. The letter highlight...
Indian online skill gamings stakeholders come together to save industry: 1m Indian jobs, 400m Indian users, $2.5b investments
Indian online skill gamings stakeholders come together to save industry: 1m Indian jobs, 400m Indian users, $2.5b investments
Source: IANS
15/07/2023 12:52:13 PM
PLI schemes help increase production, employment generation, and exports: DPIIT Secretary Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said that the production-linked incentive (PLI) schemes have led to an increase in production, employment generation, and exports of the country. He said due to the schemes, there was an increase of 76 per cent in foreign direct investment in the manufacturing sector in 2021-22 ($21.34 billion) compared to 2020-21 ($12.09 billion). Singh stated that the schemes were announced for 14 sect...
PLI schemes help increase production, employment generation, and exports: DPIIT Secretary
PLI schemes help increase production, employment generation, and exports: DPIIT Secretary
Source: Accord Fintech
14/06/2023 11:32:01 AM
Inter-ministerial consultation going on to frame e-commerce policy: DPIIT secretary Secretary in the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh said that an inter-ministerial consultation is going on to frame an e-commerce policy which would help in providing a conducive environment for inclusive and harmonious growth of the sector. He said that broadly the intention is to make the policy work along with the consumer protection rules and not in conflict with each other.  The secretary noted that the policy aims to prepare strat...
Inter-ministerial consultation going on to frame e-commerce policy: DPIIT secretary
Inter-ministerial consultation going on to frame e-commerce policy: DPIIT secretary
Source: Accord Fintech
5/06/2023 11:47:44 AM
Hardening interest rates, geo-political risks impactingn FDI inflows in FY23: Rajesh Kumar Singh  Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh has said hardening interest rates globally and worsening geo-political situation have impacted the foreign direct investment (FDI) inflows into India in 2022-23. Singh said the department would analyse the reasons for the contraction in FDI in five important sectors like computer hardware and software; construction, education, automobiles and metallurgical industries. These five sector...
Hardening interest rates, geo-political risks impactingn FDI inflows in FY23: Rajesh Kumar Singh
Hardening interest rates, geo-political risks impactingn FDI inflows in FY23: Rajesh Kumar Singh
Source: Accord Fintech
31/05/2023 11:21:00 AM
FDI into India decline by 22% to $46 billion in 2022-23 The Department for Promotion of Industry and Internal Trade (DPIIT) in its data showed that foreign direct investment (FDI) into India declined by 22 per cent to $46 billion in 2022-23, as compared to $58.77 billion during 2021-22. The fall in FDI was mainly due to lower inflows in computer hardware and software, and automobile industry. Total FDI inflows, which include equity inflows, re-invested earnings and other capital, declined by 16 per cent to $70.97 billion in the last fiscal as agai...
FDI into India decline by 22% to $46 billion in 2022-23
FDI into India decline by 22% to $46 billion in 2022-23
Source: Accord Fintech
30/05/2023 9:53:55 AM
Gross foreign direct investment flows to India down to 16% in FY23 The Reserve Bank of India (RBI) in its latest monthly bulletin has said that gross foreign direct investment (FDI) flows to India, for the first time in a decade, declined on an annual basis in 2022-23 to $71 billion mainly due to a slowdown in the global economy. The annual decline works out to be 16.3 per cent in 2022-23 compared to inflows in 2021-22. The gross FDI inflows in 2021-22 were $81.97 billion, up 10 per cent over fiscal 2019-20.  The previous year-on-year contraction in ...
Gross foreign direct investment flows to India down to 16% in FY23
Gross foreign direct investment flows to India down to 16% in FY23
Source: Accord Fintech
25/05/2023 10:33:29 AM
Major jump in Indian investments in US, says report Investments by Indian companies in the US have almost doubled since 2020, says a seventh edition of an annual report put together by the Confederation of Indian Industry. The number of Indian companies in the US went up by only 8, from 155 to 163, but the cumulative investments grew from $22 billion in 2020 to $40 billion in 2023. Total US investments in India stood at $59.1 billion. These Indian companies, which include Mahindra, Tata Sons and Tata Consultancy Services, Infosys, and...
Major jump in Indian investments in US, says report
Major jump in Indian investments in US, says report
Source: IANS
5/05/2023 9:42:39 AM
India`s fantasy sports industry to reach 50 cr users by FY27  India's fantasy sports industry is likely to grow at 33 per cent CAGR and reach 50 crore users by FY27, a report showed on Tuesday. The industry grew by 31 per cent to Rs 6,800 crore in FY22 and is expected to touch Rs 25,240 crore by FY27, according to the report by the Federation of Indian Fantasy Sports (FIFS) in collaboration with professional services firm Deloitte India. With over 300 fantasy sports platforms (FSPs) and 18 crore users, India is the fastest-growing fantas...
India`s fantasy sports industry to reach 50 cr users by FY27
India`s fantasy sports industry to reach 50 cr users by FY27
Source: IANS
19/04/2023 8:48:03 AM
India`s foreign direct investment flows to see modest pick-up in FY24  India's foreign direct investment (FDI) flows may pick up only modestly in fiscal 2024 after a fall seen in the first 10 months of fiscal 2023, economists at Citi said in a note on Tuesday. Citi expects net FDI flows – which include both outflows and inflows – to be at $35 billion in fiscal 2024. This is on the back of manufacturing FDI likely seeing some traction from government schemes and "the build-up of ecosystem around recent large greenfield investments...
India`s foreign direct investment flows to see modest pick-up in FY24
India`s foreign direct investment flows to see modest pick-up in FY24
Source: Reuters
11/04/2023 12:13:22 PM
Union Cabinet approves Indian Space Policy, 2023 The Union Cabinet on Thursday approved the Indian Space Policy, 2023, which aims to enhance the role of the Department of Space, boost activities of ISRO missions, and give a larger participation of research, academia, startups, and industry. The government had earlier opened up the space sector for the private sector to help boost development of the segment."In brief, it will offer clarity in the role of the components set up (in the recent past)," said Union Minister Jitendra S...
Union Cabinet approves Indian Space Policy, 2023
Union Cabinet approves Indian Space Policy, 2023
Source: IANS
7/04/2023 10:56:08 AM
ICICI Bank gains on launching digital solutions for participants of capital market ICICI Bank is currently trading at Rs. 865.45, up by 11.50 points or 1.35% from its previous closing of Rs. 853.95 on the BSE. The scrip opened at Rs. 855.05 and has touched a high and low of Rs. 866.20 and Rs. 849.85 respectively. So far 81560 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022. Last one week high and low of the scrip stood at Rs....
ICICI Bank gains on launching digital solutions for participants of capital market
ICICI Bank gains on launching digital solutions for participants of capital market
Source: Accord Fintech
3/03/2023 12:12:44 PM
FDI into India declines 15% to $36.75 billion during April-December period of FY23 The Department for Promotion of Industry and Internal Trade in its latest data has showed that foreign direct investment (FDI) into India declined by 15 per cent to $36.75 billion during the April-December period of this fiscal year 2022-23 (FY23), as compared to the FDI inflows of $43.17 billion during the corresponding period of the previous year. The total FDI inflows, which includes equity inflows, re-invested earnings and other capital, declined to $55.27 billion during the nine months o...
FDI into India declines 15% to $36.75 billion during April-December period of FY23
FDI into India declines 15% to $36.75 billion during April-December period of FY23
Source: Accord Fintech
23/02/2023 10:03:17 AM
Under National Monetisation Pipeline, 25 Airport Authority of India airports earmarked for leasing till 2025 Under the National Monetisation Pipeline (NMP), 25 AAI (Airport Authority of India) airports have been earmarked for leasing till 2025 with the help of private sector investment and participation. The leasing of the airports began in 2022. These airports include Trichy, Coimbatore, Madurai & Chennai in Tamil Nadu; Bhubaneswar in Odisha; Varanasi in Uttar Pradesh; Amritsar in Punjab; Indore & Bhopal in Madhya Pradesh; Raipur in Chhattisgarh; Calicut in Kerala; Nagpur in Maharashtra;...
Under National Monetisation Pipeline, 25 Airport Authority of India airports earmarked for leasing till 2025
Under National Monetisation Pipeline, 25 Airport Authority of India airports earmarked for leasing till 2025
Source: IANS
13/02/2023 4:07:19 PM
Industrial growth stands at 11.7% during 2021-22 Highlighting that the government has undertaken various steps to boost industrial performance, Union Minister of State for Commerce and Industry Som Prakash has said that the industrial growth during 2021-22 was 11.7% over the corresponding period of the last year. He noted that whereas the annual average growth of IIP was 3.4% and 3.2% respectively during the period 2009-14 (Base year: 2004-05) and 2014-19 (Base Year: 2011-12). The steps include the introduction of Goods and Services Tax, re...
Industrial growth stands at 11.7% during 2021-22
Industrial growth stands at 11.7% during 2021-22
Source: Accord Fintech
9/02/2023 10:48:10 AM
CAD likely to moderate in H2FY23 due to moderation in imports: Shaktikanta Das Reserve Bank Governor Shaktikanta Das has said that Current Account Deficit (CAD), a key indicator of the external sector, is expected to moderate in second half of 2022-23 (H2FY23) from 3.3 per cent of GDP in April-September mainly due to moderation in imports. He noted that CAD had widened to 3.3 per cent of GDP in first half of 2022-23 from 0.2 per cent in the comparable period of 2021-22 on the back of a sharp increase in the merchandise trade deficit. Das said the situation has shown ...
CAD likely to moderate in H2FY23 due to moderation in imports: Shaktikanta Das
CAD likely to moderate in H2FY23 due to moderation in imports: Shaktikanta Das
Source: Accord Fintech
8/02/2023 1:18:51 PM
Manufacturing landscape shows uneven growth: Economic Survey The manufacturing landscape further shows uneven growth across various categories, with industries such as automobiles and electronics registering impressive performances while sectors such as textiles have been showing tepid growth, as export demand for these products has been mellowing with the slowing of global output and demand, the Economic Survey 2022-23 said on Tuesday. While growth in the consumer durables component of the Index of Industrial Production (IIP) is on account of the r...
Manufacturing landscape shows uneven growth: Economic Survey
Manufacturing landscape shows uneven growth: Economic Survey
Source: IANS
31/01/2023 4:59:06 PM
Why`s the insurance industry largely silent on 100% FDI demand? Strangely not much of noise is being heard from the Indian insurance sector on hiking the foreign direct investment (FDI) to 100 per cent from the current 74 per cent as their budget wishlist. In the past, the sector's top executives would make a high-decibel pitch for their demand to increase the FDI limit. Earlier, the life insurance industry had advocated that the increase in FDI from 26 per cent to 74 per cent would bring in an additional capital of Rs 50,000 crore. Incidenta...
Why`s the insurance industry largely silent on 100% FDI demand?
Why`s the insurance industry largely silent on 100% FDI demand?
Source: IANS
28/01/2023 5:49:43 PM
India to promote itself as viable investment destination at World Economic Forum at Davos India is ready to promote itself as a viable investment destination during the annual World Economic Forum (WEF) meeting, which began in Switzerland's Davos on January 16, and will continue till January 20. Apart from its economic parameters, the government has decided to project its ambitious roadmap for the next 25 years, till 2047, when India would be observing 100 years of its Independence. As some of its key achievements till 75 years of Independence, the government has highlig...
India to promote itself as viable investment destination at World Economic Forum at Davos
India to promote itself as viable investment destination at World Economic Forum at Davos
Source: IANS
18/01/2023 10:17:59 AM
Commerce ministry hopeful of improvement in FDI inflows in coming months: DPIIT Joint Secretary The Department for Promotion of Industry and Internal Trade (DPIIT) Joint Secretary Manmeet K Nanda has said that the commerce and industry ministry is hopeful of improvement in foreign direct investment (FDI) inflows in the coming months despite global headwinds. According to the DPIIT data, FDI equity inflows into India contracted by 14 per cent to $26.9 billion during the April-September this fiscal. The total FDI inflows (which includes equity inflows, re-invested earnings and other capit...
Commerce ministry hopeful of improvement in FDI inflows in coming months: DPIIT Joint Secretary
Commerce ministry hopeful of improvement in FDI inflows in coming months: DPIIT Joint Secretary
Source: Accord Fintech
6/01/2023 9:28:02 AM
FDI in startups needs tax exemption: Wadhwani Foundation The government should consider exempting foreign direct investment in the countrys startup ecosystem, currently worlds third largest, from levying taxes to keep the growth momentum going, Wadhwani Foundation, which handholds start-ups though various programmes, said in its Budget wishlist. "Since Indian start-ups are increasingly going global, the government should look at tax exemptions in foreign direct investments and maintain a sharp focus on startup infrastructure development,&qu...
FDI in startups needs tax exemption: Wadhwani Foundation
FDI in startups needs tax exemption: Wadhwani Foundation
Source: IANS
3/01/2023 3:01:55 PM
Foreign investors continue to chase bets in services sector: Ind-Ra India Ratings and Research (Ind-Ra) in its latest report has said that despite the government's high-octane push to boost manufacturing through the 'Make in India' initiative, foreign investors continue to chase bets in the services sector. It said this could be because doing business in the services sector is less complicated than doing business in the manufacturing sector in India. It also said a bulk of the foreign direct investment (FDI) in manufacturing is not greenfield or f...
Foreign investors continue to chase bets in services sector: Ind-Ra
Foreign investors continue to chase bets in services sector: Ind-Ra
Source: Accord Fintech
29/12/2022 11:39:11 AM
Reliance Industries Limited`s scorching growth in 20 years of Mukesh Ambani`s leadership Mukesh Ambani took over as the Chairman and Managing Director of Reliance Industries Limited (RIL) after the demise of his father and Reliance founder, Dhirubhai Ambani on July 6, 2002. In 2022, he completes two decades at the helm of Reliance Industries. In these 20 years, the company has achieved a consistent strong double-digit growth across revenues, profits, net worth, assets as well as market capitalisation. Reliance's market capitalization grew at an annualized rate of 20.6 p...
Reliance Industries Limited`s scorching growth in 20 years of Mukesh Ambani`s leadership
Reliance Industries Limited`s scorching growth in 20 years of Mukesh Ambani`s leadership
Source: IANS
28/12/2022 2:32:27 PM
India`s startups to attract significant FDI in 2023: DPIIT Secretary Secretary in Department for Promotion of Industry and Internal Trade (DPIIT) Anurag Jain has said that the country's startups will attract significant foreign direct investments (FDI) in 2023 on account of steps being taken by the government to strengthen the ecosystem for budding entrepreneurs. He also said India has the third largest startup ecosystem in the world and the way startups here are performing; soon the country will become a top ecosystem globally. Jain said presently, Ind...
India`s startups to attract significant FDI in 2023: DPIIT Secretary
India`s startups to attract significant FDI in 2023: DPIIT Secretary
Source: Accord Fintech
28/12/2022 11:52:44 AM
Despite global headwinds, Indian economy among fastest growing in the world: Finance Ministry Despite global economy experiencing several challenges, including the Russia-Ukraine conflict, the slowdown in China, persistently high inflation and tightening financial conditions, India continues to be one of the fastest growing economies in the world, sources in the Finance Ministry have said. As per the World Economic Outlook (WEO) October 2022 report of the IMF, the economies around the world were facing recessionary trends due to the aforementioned reasons. The slowdown of global...
Despite global headwinds, Indian economy among fastest growing in the world: Finance Ministry
Despite global headwinds, Indian economy among fastest growing in the world: Finance Ministry
Source: IANS
26/12/2022 3:50:00 PM
India receives FDI worth $3.21 million in defence industries during April-September Union Minister of State for Commerce and Industry Som Parkash has said that India received foreign direct investment (FDI) worth $3.21 million in defence industries during April-September period of FY23. The minister stated that the sector had attracted $2.36 million foreign investment in 2021-22, $0.63 million in 2020-21, $2.20 million in 2019-20, $2.18 million in 2018-19 and $0.01 million in 2017-18. He said to promote FDI, the government has put in place an investor-friendly policy, whe...
India receives FDI worth $3.21 million in defence industries during April-September
India receives FDI worth $3.21 million in defence industries during April-September
Source: Accord Fintech
26/12/2022 11:30:12 AM
Over 7 in 10 employers keen to hire in services sector in India India is leading with the highest hiring intent in certain sectors despite the ongoing global inflation and layoffs in the IT-tech sector, and close to 77 per cent employers are keen to increase their resource pool in the services sector in the period of January-March 2023, a report showed on Tuesday. Overall, across services and manufacturing sectors, an average of 68 per cent employers (65 per cent in FYQ3) have expressed a strong hiring sentiment, according to TeamLease Services, a lead...
Over 7 in 10 employers keen to hire in services sector in India
Over 7 in 10 employers keen to hire in services sector in India
Source: IANS
20/12/2022 1:42:55 PM
DPIIT working closely with 24 sectors to boost domestic manufacturing, increase exports The Department for Promotion of Industry and Internal Trade (DPIIT) is working closely with 24 sectors in order to boost domestic manufacturing, increase exports and cut down imports. It said efforts are on to boost the growth of these sectors in a holistic and coordinated manner. These sectors include furniture, air-conditioners, footwear, auto components, aluminium, electronics, agrochemicals, steel, textiles, EV components and integrated circuits, ethanol, ceramics, set top boxes, robotics...
DPIIT working closely with 24 sectors to boost domestic manufacturing, increase exports
DPIIT working closely with 24 sectors to boost domestic manufacturing, increase exports
Source: Accord Fintech
19/12/2022 11:20:52 AM
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh Defence Minister Rajnath Singh on Saturday said the government is working and committed to increasing the defence production target from current $12 billion to $22 billion by 2025. "You (industry) can imagine, with this kind of growth, how many opportunities will be available for the Indian industry," the Defence Minister said while addressing FICCI's 95th Annual Convention & AGM here. He further underlined that to increase the participation of domestic industry, the g...
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Government committed to achieving defence production target of $22 bn by 2025: Rajnath Singh
Source: IANS
17/12/2022 4:13:58 PM
India going all out to give necessary impetus to indigenous manufacturing In the last few years, India has been focussing a lot on indigenous manufacturing. The Central government has taken up various measures to facilitate manufacturing in the country. The Centre has undertaken various steps to boost domestic and foreign investments in India as well. These include introduction of Goods and Services Tax, reduction in corporate tax, interventions to improve the ease of doing business, FDI policy reforms, measures for reduction in compliance burden, policy measure...
India going all out to give necessary impetus to indigenous manufacturing
India going all out to give necessary impetus to indigenous manufacturing
Source: IANS
14/12/2022 11:13:08 AM
India registers highest-ever annual FDI inflow of $84.84 billion in FY22: Som Parkash Listing series of measures taken by the Government to boost domestic and foreign investments in India, Minister of State for Commerce and Industry, Som Parkash has said that the reforms taken by Government have resulted in increased Foreign Direct Investment (FDI) inflows in the country. FDI inflows in India stood at $45.15 billion in 2014-2015 and have continuously increased since then, and India registered its highest ever annual FDI inflow of $84.84 billion (provisional figures) in the fin...
India registers highest-ever annual FDI inflow of $84.84 billion in FY22: Som Parkash
India registers highest-ever annual FDI inflow of $84.84 billion in FY22: Som Parkash
Source: Accord Fintech
8/12/2022 1:50:20 PM
Government on track to meet fiscal deficit target of 6.4% of GDP for 2022-23: World Bank The World Bank in its India Development Update said the central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections. High nominal GDP growth in the first quarter supported strong growth in revenue collection, especially Goods and Services Tax (GST), despite tax cuts on fuel. It said public debt is also projected to decline to 84.3 per cent of GDP in FY23, from a peak of 87.6 per cent in FY21. The c...
Government on track to meet fiscal deficit target of 6.4% of GDP for 2022-23: World Bank
Government on track to meet fiscal deficit target of 6.4% of GDP for 2022-23: World Bank
Source: Accord Fintech
7/12/2022 11:55:45 AM
RBI should consider moderating its pace of monetary tightening: CII Domestic demand is recovering well as mirrored by the performance of a host of high-frequency indicators. However, the prevailing global polycrisis is likely to impinge on our growth prospects too. Given the headwinds to domestic growth mainly emanating from the global uncertainties, the Reserve Bank of India (RBI) should consider moderating the pace of its monetary tightening from the earlier 50 basis points. This was stated by CII to the RBI regarding expectations on the forthcoming mone...
RBI should consider moderating its pace of monetary tightening: CII
RBI should consider moderating its pace of monetary tightening: CII
Source: IANS
28/11/2022 9:48:03 AM
Paytm Payments Services Ltd to resubmit application for authorisation to provide payment aggregator service  India's leading digital payments and financial services company Paytm on Saturday shared an update with the exchanges about its 100 per cent subsidiary, Paytm Payments Services Limited (PPSL). The company said that it has received a letter from the RBI in response to an application from PPSL for the authorisation to provide payment aggregator services ("PA application") for online merchants. The company can now resubmit the application within 120 calendar days for th...
Paytm Payments Services Ltd to resubmit application for authorisation to provide payment aggregator service
Paytm Payments Services Ltd to resubmit application for authorisation to provide payment aggregator service
Source: IANS
26/11/2022 9:06:11 AM
FDI equity inflows into India drop by 14% to $26.9 in first half of FY23: DPIIT The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has showed that Foreign Direct Investment (FDI) equity inflows into India contracted by 14 per cent to USD 26.9 billion during the April-September (first half) this fiscal (FY23). The inflows had stood at USD 31.15 billion during the corresponding period of the previous year. The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) too declined to USD 39 billion dur...
FDI equity inflows into India drop by 14% to $26.9 in first half of FY23: DPIIT
FDI equity inflows into India drop by 14% to $26.9 in first half of FY23: DPIIT
Source: Accord Fintech
24/11/2022 10:37:19 AM
Sri Lankan president calls for liberalisation of service sector to attract FDI  Sri Lankan President Ranil Wickremesinghe emphasised the need to gradually liberalise the country's service sector to attract foreign direct investment (FDI). The president also said steps should be taken to gain membership in the Regional Comprehensive Economic Partnership, the world's largest free trade agreement to date, the President's Media Division (PMD) said in a statement on Sunday. Wickremesinghe made these remarks during a meeting with the officials of the Na...
Sri Lankan president calls for liberalisation of service sector to attract FDI
Sri Lankan president calls for liberalisation of service sector to attract FDI
Source: IANS
6/11/2022 5:05:28 PM
Investment in India is about inclusion, democracy & safer planet, says PM Narendra Modi  Prime Minister Narendra Modi on Wednesday said that investment in India is about investing in democracy for a better planet. He made the observation while inaugurating "Invest Karnataka" a three-day Global Investors Meet (GIM), under the theme "Build for the world" here. While participating virtually in the event, Prime Minister Modi emphasised that investment in India is about investment for a better, cleaner and safer planet. "Let us all come forward to ...
Investment in India is about inclusion, democracy & safer planet, says PM Narendra Modi
Investment in India is about inclusion, democracy & safer planet, says PM Narendra Modi
Source: IANS
2/11/2022 3:00:42 PM
UAE-India joint investment task force reviews key areas of cooperation Commerce Minister Piyush Goyal on Tuesday co-chaired the 10th meeting of the UAE-India joint task force on investments in Mumbai, along with Sheikh Hamed bin Zayed Al Nahyan, member of the Executive Council of the Emirate of Abu Dhabi. Discussions took place on ways of enhancing bilateral investments in key sectors like food security, manufacturing, infrastructure, energy and technology. In this context, it was agreed that the concerned authorities in both countries will explore establi...
UAE-India joint investment task force reviews key areas of cooperation
UAE-India joint investment task force reviews key areas of cooperation
Source: IANS
11/10/2022 11:29:15 AM
FDI in South Korea hits record high through September  Foreign direct investment (FDI) in South Korea hit a record high for the first nine months of this year due to larger investment in advanced sectors such as semiconductors and batteries, government data showed Wednesday. The reported FDI amounted to 21.52 billion US dollars in the January-September period, up 18.2 per cent compared to the same period of last year, according to the Ministry of Trade, Industry and Energy, Xinhua news agency reported. It marked the highest in the rep...
FDI in South Korea hits record high through September
FDI in South Korea hits record high through September
Source: IANS
5/10/2022 1:29:27 PM
Indian economy on path to recovery: CEA Chief Economic Advisor (CEA) V Anantha Nageswaran has said the Indian economy is on the path to recovery but cautioned that foreign investors may remain cautious because of geopolitical challenges. Nageswaran said all sectors of the economy such as agriculture, manufacturing and construction are doing well. He mentioned ‘The Indian economy is showing resilience and on the path to recovery. Private demand and the services sector are doing better than expected.’ He added private ...
Indian economy on path to recovery: CEA
Indian economy on path to recovery: CEA
Source: Accord Fintech
27/09/2022 10:31:58 AM
India on track to attract $100 billion FDI in current fiscal: Commerce Ministry Expressing optimism over India’s foreign investment, the commerce and industry ministry has said the country is on track to attract $100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business in recent years. In 2021-22, the country received the ‘highest ever’ foreign inflows of $83.6 billion. It added that this FDI has come from 101 countries, and invested across 31 union territories and states and 57 sectors ...
India on track to attract $100 billion FDI in current fiscal: Commerce Ministry
India on track to attract $100 billion FDI in current fiscal: Commerce Ministry
Source: Accord Fintech
26/09/2022 9:29:48 AM
`Make in India` completes eight years, annual FDI nearly doubles to $83 bn Annual Foreign Direct Investment (FDI) nearly doubled to $83 billion as 'Make in India', the flagship scheme of the government to facilitate investment and foster innovation, completed eight years. As per the Ministry of Commerce and Industry, FDI inflows stood at $45.15 billion in 2014-2015. The year 2021-22 recorded the highest ever FDI at $83.6 billion. According to the ministry, to attract foreign investments, the government has put in place a liberal and transparent policy ...
`Make in India` completes eight years, annual FDI nearly doubles to $83 bn
`Make in India` completes eight years, annual FDI nearly doubles to $83 bn
Source: IANS
24/09/2022 6:02:42 PM
Health regulator geared up for transition to licensing of medical devices The reconstituted National Medical Device Promotion Council (NMDPC) under the Department of Pharmaceuticals held its first meeting in New Delhi and was updated on the steps taken up by Central Drugs Standard Control Organisation (CDSCO) and the state licensing authorities for the smooth transition to licensing of class-A and class-B medical devices from October 1. The NMDPC deliberated on the important issues of the Medtech (medical technology) industry. The Council under the chair of t...
Health regulator geared up for transition to licensing of medical devices
Health regulator geared up for transition to licensing of medical devices
Source: IANS
15/09/2022 11:51:11 AM
Insurance laws amendments shouldn't change basic structure : Experts Any amendments to Indian insurance laws should not change their basic structure that was derived from the Malhotra Committee on Insurance Reforms, said experts. Low penetration of insurance in India cannot be linked to statutory capital and solvency norms as they are entirely different, the experts added in the context of the Indian government planning to reduce the minimum capital for an insurance company. "The cause for the low insurance penetration should not be attributed to th...
Insurance laws amendments shouldn't change basic structure : Experts
Insurance laws amendments shouldn't change basic structure : Experts
Source: IANS
14/09/2022 3:16:53 PM
CM Naveen Patnaik coming to 'sell' Odisha to Maha investors Ahead of the upcoming 3rd 'Make in Odisha' conclave at Bhubaneshwar in November-December, Chief Minister Naveen Patnaik will meet captains of Indian industry here to solicit investments for his state, officials said here on Tuesday. Patnaik, along with a high-level delegation of senior officials, is expected to be in Mumbai over the next couple of days and meet top leaders of India Inc. as part of the Odisha Investors Meet, in the country's commercial capital. In Mumbai, the...
CM Naveen Patnaik coming to 'sell' Odisha to Maha investors
CM Naveen Patnaik coming to 'sell' Odisha to Maha investors
Source: IANS
13/09/2022 5:18:14 PM
FDI equity inflows into India contract by 6% to $16.59 billion during April-June quarter this fiscal: DPIIT The Department for Promotion of Industry and Internal Trade (DPIIT) in its latest data has said that Foreign Direct Investment (FDI) equity inflows into India contracted by 6 per cent to $16.59 billion during the April-June quarter this fiscal. The inflows had stood at $17.56 billion during the corresponding period of the previous year. It stated the total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at $22.34 billion during the first three...
FDI equity inflows into India contract by 6% to $16.59 billion during April-June quarter this fiscal: DPIIT
FDI equity inflows into India contract by 6% to $16.59 billion during April-June quarter this fiscal: DPIIT
Source: Accord Fintech
1/09/2022 12:50:55 PM