FDI: GK, General Studies and Current Affairs

India will stop importing 101 Defence weapons and platforms

India has announced a negative arms import list under which acquisition of 101 weapons systems and platforms from abroad will be banned from December 2020 to December 2025. The objective is to boost the domestic manufacturing of defence weapons in the country and become self-sufficient in this arena. What are these items? The government has ..

Govt in talks to encourage FDI for rental housing scheme

The government is all set to encourage the access of the Foreign Direct Investment in the rental housing project of the Union Government. The facilities available for affordable housing will be extended to the rental housing scheme. Details of the Scheme As per the scheme of the Union Government, the cabinet has approved a scheme ..

US FDI in India Crosses $40 Billion Mark in 2020: Report

The Foreign Direct Investment (FDI) from the US to India has crossed the $40 billion mark till date this year. It shows the growing confidence of the US in the Indian companies. The figures were published by an India-centric business advocacy group. The US-India Strategic and Partnership Forum has come out with the report that ..

Google to invest 10 billion USD in India

On July 13, 2020, PM Modi interacted with the CEO of Google, Mr Sundar Pichai. After the interaction, the CEO announced that Google is to invest 10 billion USD in India in the future. Highlights The investment will mainly focus Digital India initiative of Government of India. Google has named the investment as “India Digitisation ..

Defence Conclave, 2020 in Gujarat

On June 25, 2020, the Raksha Rajya Mantri Shri Shripad Naik inaugurated a two-day Defence Conclave 2020 in Gujarat. Highlights The minister addressed the conference virtually. The conclave was organized by the Confederation of Indian Industry and Society of Indian Defence Manufacturers. About the Conclave The Conclave will bring together the government representatives and serve ..