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FDI In India Grew 18% In 2017-18 To Rs. 28.25 Lakh Crore, RBI Data Show

FDI In India Grew 18% In 2017-18 To Rs. 28.25 Lakh Crore, RBI Data Show

According to data released by the Reserve Bank of India (RBI), foreign direct investment (FDI) in India during the previous fiscal year of 2017-18 increased 18 per cent to Rs. 28.25 lakh crore. Foreign investments increased by Rs 4, 33,300 crore. This included the including revaluation of past investments, during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value, according to the data by RBI on ‘Census on Foreign Liabilities and Assets of Indian Direct Investment Companies,…

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India’s Paper Sector Gets Largest FDI In India Ever

India’s Paper Sector Gets Largest FDI In India Ever

Asia Pulp and Paper (APP) is about to set up India’s largest mill with an astounding capacity of five million tonnes per annum. The total investment will amount to roughly 3.5 billion dollars. On January 9, a Memorandum of Understanding (MoU) was signed between the Asia Pulp and Paper (APP) and The Andhra Pradesh Economic Development Board (APEDB) to set up the county’s largest paper mill in the state with a capacity of five million tonnes per annum. The investment…

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FDI Relaxation In Aviation Likely To Help Find Buyers For Air India

FDI Relaxation In Aviation Likely To Help Find Buyers For Air India

The recent Budget announcement to further relax foreign direct investment norms and policies in the aviation sector may help sell Air India, as well as Jet Airways. Both commercial carriers were put up for sale after going bankrupt. Finance Minister Nirmala Sitharaman, announced in the Budget that the government is looking to ease FDI norms to facilitate overseas investment in sectors like aviation, media, insurance intermediaries, and single brand retail. “I propose to further consolidate, the gains in order to…

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Proposed FDI Hike To Drive Up M&A Deals

Proposed FDI Hike To Drive Up M&A Deals

In her maiden budget, Finance Minister Nirmala Sitharaman announced reforms in FDI policies in order to encourage foreign investments in India. This proposed hike is expected to benefit the M&A sector as existing overseas investors would look to raise their stakes in their Indian joint venture companies. Sitharaman is her Budget speech said that the government is contemplating to further open up foreign direct investments in aviation, media (including animation, visual effects, gaming, and comics) and the insurance sector. Apart…

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100 Per Cent FDI In Insurance Intermediaries Upsets Domestic Brokers

100 Per Cent FDI In Insurance Intermediaries Upsets Domestic Brokers

The recent announcement by Finance Minister, Nirmala Sitharaman to raise the limit for foreign direct investment in the insurance intermediaries sector from 49 per cent to a 100 per cent has not gone down well with domestic brokers. The industry in question accounts for Rs. 4,500- 5,000 crore. The insurance intermediaries sector includes insurance broking, insurance companies, third party administrators, surveyors and loss assessors.  “The government has taken a view on increasing FDI in India in the sector from a…

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