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T.N.’s foreign direct investment inflows fell 27.7% to $2.17 billion in 2022-23
1 year, 4 months ago

T.N.’s foreign direct investment inflows fell 27.7% to $2.17 billion in 2022-23

The Hindu  

Tamil Nadu’s Foreign Direct Investment inflows declined 27.7% to about $2.17 billion in the financial year 2022-23 from $3 billion in 2021-22, as per data shared in Parliament recently. Many other key States, except for Gujarat, have India’s FDI inflows as a whole, declined 16.34% to $70.97 billion in 2022-23 from $84.84 billion in 2021-22, as per the provisional figures …

India Tamil Nadu States Gujarat Investment Projects Tamil
Foreign direct investment inflow to India may touch $100 bn in 2022-23: Report
2 years, 8 months ago

Foreign direct investment inflow to India may touch $100 bn in 2022-23: Report

Hindustan Times  

Foreign Direct Investment inflow to India is expected to reach $100 billion in FY2022/23 supported by various economic reforms and increased ease of doing business, the PHD Chamber of Commerce and Industry said in a report Friday. Foreign Direct Investment PHDCCI president Pradeep Multani said he expected FY22/23 real GDP growth of over 8 per cent, which is nearly a …

India Investment Foreign Direct Investment Fdi Fdi Inflow Phdcci
India logged highest FDI inflow in 2020-21: Centre tells Parliament
2 years, 10 months ago

India logged highest FDI inflow in 2020-21: Centre tells Parliament

Hindustan Times  

The Union government told Parliament on Friday that India registered its highest-ever annual Foreign Direct Investment inflow of US$ 81.97 billion in 2020-21. The government said these trends in India’s FDI are an endorsement of its status as a preferred investment destination amongst global investors. India registered its highest-ever annual Foreign Direct Investment inflow of US$ 81.97 billion in 2020-21, …

India Investment Parliament Fdi
Govt May Hike FDI Limit in Pension Sector to 74%, Bill Likely in Monsoon Session
3 years, 8 months ago

Govt May Hike FDI Limit in Pension Sector to 74%, Bill Likely in Monsoon Session

News 18  

The government may hike foreign direct investment limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources. Last month, Parliament approved a Bill to increase FDI limit in the insurance sector from 49 per cent to 74 per cent. The Insurance Act, 1938 …

Pension Sector Cent Bill Limit Nps Pfrda
Parliament Passes Bill To Increase FDI Ceiling Limit In Insurance Sector To 74% From 49%
3 years, 9 months ago

Parliament Passes Bill To Increase FDI Ceiling Limit In Insurance Sector To 74% From 49%

Live Law  

The Lok Sabha on Monday passed the Insurance Bill, 2021 which seeks to increase the maximum permissible Foreign Direct Investment in the insurance sector to 74%, from the current limit of 49%. As per the Statement of Object annexed to the Bill, "In order to achieve the objective of Government's Foreign Direct Investment Policy of supplementing domestic long-term capital, technology …

India Insurance Investment Indian Foreign Investment House Sector
Parliament Proceedings | Rajya Sabha passes Insurance Amendment Bill to increase FDI limit to 74%
3 years, 9 months ago

Parliament Proceedings | Rajya Sabha passes Insurance Amendment Bill to increase FDI limit to 74%

The Hindu  

The Rajya Sabha on Wednesday passed the Insurance Amendment Bill 2021 that increases the maximum foreign investment allowed in an insurance company from 49% to 74%, amid criticism from the Opposition parties on the clause enabling “control and ownership” by foreign investors. Mr. Sharma said, “We are not opposed to the policy of disinvestment, but is it disinvestment or leapfrogging …

Policy Insurance Indian Foreign Firms House Sitharaman Bill
PM Modi Spells Out New Definition Of FDI; Calls Out 'Andolan Jeevi' As Parasite In Parliament
3 years, 10 months ago

PM Modi Spells Out New Definition Of FDI; Calls Out 'Andolan Jeevi' As Parasite In Parliament

ABP News  

In the wake of the support extended by several global celebrities, including international pop sensation Rihanna, to the farmers’ agitation, Prime Minister Narendra Modi took a thinly veiled jibe at the opposition and certain others while replying to the debate on Motion of Thanks on Presidents address in Rajya Sabha. In his speech in the parliament, PM Modi said India …

India Modi Pm Modi Fdi
Insurance Companies Won't Be Taking Money Outside India Despite Spike in FDI: Fin Min Secy
3 years, 10 months ago

Insurance Companies Won't Be Taking Money Outside India Despite Spike in FDI: Fin Min Secy

News 18  

Despite the Union Budget 2021 raising FDI limit up to 74 per cent, insurance companies with foreign ownerships won’t be allowed to take money outside India, said Tarun Bajaj, Secretary, Department of Economic Affairs. In an exclusive interview to Moneycontrol, Bajaj said as per the provision under insurance act, companies are not allowed to send money outside India. When the …

India Insurance Indian Cent Insurance Companies Fdi
RSS wing raises caution over PSU sell-off
3 years, 10 months ago

RSS wing raises caution over PSU sell-off

The Hindu  

Swadeshi Jagaran Manch, affiliated to the RSS, has praised the Union Budget tabled on Monday in Parliament but raised red flags on the government’s disinvestment proposals with regard to government-owned enterprises and rise in Foreign Direct Investment in the insurance sector. Convenor of SJM, Ashwani Mahajan said the organisation “was appreciative of the government for its enhanced and judicious spending …

Mahajan Fdi