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Finance Minister proposes facilitating FDI policies to spur economy in Budget 2019

Finance Minister proposes facilitating FDI policies to spur economy in Budget 2019

Nirmala Sitharaman presented the first budget of Modi 2.0 government. She became the second female Finance Minister after Indira Gandhi to present the budget today. Finance Minister Nirmala Sitharaman, presenting her first Union Budget on Friday said that the government will consider further liberalizing foreign direct investment in aviation, media, animation, and the insurance sector in consultation with stakeholders. In her speech she announced that the government will allow 100 per cent foreign direct investment for insurance intermediaries, while also…

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FDI Equity Inflows In India Grew 6 Per Cent In 2018 To USD 42 Bn: UN Report

FDI Equity Inflows In India Grew 6 Per Cent In 2018 To USD 42 Bn: UN Report

As per a UN report, India ranked amongst the top 20 host economies for foreign direct investment inflows in the period of 2017-18. According to this report, FDI inflows into the country grew by 6 per cent to US 42 billion in 2018, with significant inflows in the manufacturing, communication, and financial services sectors, and cross border mergers and acquisition activities. The World Investment report 2019, released by the United Nations Conference on Trade and Development (UNCTAD) said that global…

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India’s Defence industry received 2.18 million dollars in 2018-19, says Government

India’s Defence industry received 2.18 million dollars in 2018-19, says Government

The defence industry on India received foreign direct investment (FDI) amounting to the meagre sum of 2.18 million dollars during 2018-19, the Parliament was informed. As per the data given by Commerce and Industry Ministry, Piyush Goyal in a written reply in Lok Sabha, the sector attracted foreign investments worth USD 0.08 million, USD 0.10 million and USD 0.01 million in 2014-15, 2015-16, and 2017-18 respectively. In the duration of 2016-17, the defence sector had failed to attract foreign direct…

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FDI Inflows Into India’s Telecom Sector Plummets To $2.66 Billion

FDI Inflows Into India’s Telecom Sector Plummets To $2.66 Billion

Foreign direct investments in the telecom sector of the country have taken a downward hit, plunging to 2.66 billion dollars in FY 2019 as compared to the much higher figure of over 6.21 billion dollars in the year 2018. The Government said that the reason for this sharp fall could not be attributed to either regulatory uncertainty or financial stress in the industry. “Stressed financial conditions cannot be held responsible for the year-on-year decline in FDI, and neither has there…

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