Kolkata: West Bengal Chief Minister Mamata Banerjee on Friday opposed the Centre’s move to allow 100 per cent foreign direct investment (FDI) in the country’s coal sector, saying it would “send a wrong message”. “Allowing 100 per cent FDI in coal for MNCs will carry a wrong message as it would contradict the very essence […]
Tag: FDI
Chinese hackers now target website of DPIIT that curtailed Chinese FDI
New Delhi: Amid the rising India-China border tensions and a phishing attack alert by the Indian Computer Emergency Response Team (CERT-In), a key Indian government business department’s website was hacked on Monday. The site of the Department for Promotion of Industry and Internal Trade (DPIIT), which has been responsible for curtailing FDI of Chinese companies […]
China slams India’s new FDI norms, says change violates WTO rules
New Delhi: Just days after the Centre amended the Foreign Direct Investment (FDI) policy to check opportunistic takeovers of Indian companies amid the Covid-19 pandemic, China on Monday criticised the move and said that it violates the World Trade Organizations principle of non-discrimination. In a statement, Chinese Embassy spokesperson in India, Ji Rong, said that […]
FDI policy amended to curb opportunistic takeovers
New Delhi: The Centre has amended the foreign direct investment (FDI) policy to check opportunistic takeovers of Indian companies amid the Covid-19 pandemic. It has decided put all FDI proposals from countries sharing border with India under the government approval route. Companies whose beneficial ownership also lies in such countries will have to undergo government […]
Go-ahead for 26% FDI in digital media
New Delhi: The Union Cabinet on Wednesday approved 26 per cent foreign direct investment (FDI) in digital media with government approval. Currently, 49 per cent FDI is provided under the approval route in news channels and the government has now decided to expand the span of FDI to the digital meda space. “The extant FDI […]
CAIT to launch nationwide protest on FDI in retail
New Delhi (2 Min Read) : The Confederation of All India Traders (CAIT) on Wednesday announced that it would launch a nationwide agitation demanding a policy on e-commerce from the government and to stop allowing foreign direct investment (FDI) in retail trade. The traders’ body said that it would finalise the strategy and timeline for […]
Traders’ associations across UP go on strike in protest against FDI, GST
Lucknow : Major traders’ associations across Uttar Pradesh observed a day-long strike on Friday in protest against foreign direct investment (FDI) in retail trade and also the Goods and Services Tax (GST). The Uttar Pradesh Chemist and Druggist Association has also extended its support to the strike, demanding that the Centre put a cap on […]
Government clears FDI proposals worth Rs 3,250 cr
New Delhi : The Finance Ministry on Friday said it cleared an FDI proposal last month which will bring total foreign investment worth Rs 3,250 crore. The proposal sought Foreign Direct Investment (FDI) in Hindustan Infralog Pvt Ltd, a proposed investing company, by Netherlands-based DP World Global Investment BV. The investment will amount to 65 […]
To woo FDI, nation must be secure from external, internal threats: Army Chief
New Delhi : At a time when an emerging India is looking to attract more and more Foreign Direct Investment (FDI), it was imperative to assure investors and build confidence in them that the nation is secure both from external and internal threats, Army Chief Bipin Rawat said on Thursday. “The economic development and military […]
AAP MPs boycott President’s speech in Parliament
New Delhi, Jan 29 : AAP MPs on Monday boycotted President Ram Nath Kovind’s address to a joint sitting of the Parliament on the first day of the Budget Session, as a protest against the disqualification of 20 party MLAs. Aam Aadmi Party Lok Sabha members Sadhu Singh, Bhagwant Mann and Rajya Sabha members Sanjay Singh, […]