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 ..
FDI: GK, Current Affairs, Questions, Trivia and News
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 ..
In the post-pandemic period, a lower but positive economic growth will be seen in India, and India’s large market will continue to attract market-seeking investments. this according to The World Investment Report 2020 by UN Conference on Trade and Development (UNCTAD). The Global FDI flows may decrease by up to 40 percent in 2020, from ..
The Department for Promotion of Industry and Internal Trade (DPIIT) recently notified that 100 per cent FDI is allowed in insurance intermediaries under automatic approval route. The FDI policy earlier allowed 49 per cent foreign investment in the insurance sector, including insurance intermediaries. Intermediary services comprise of insurance brokers, re-insurance brokers, insurance consultants, third party ..
On 8th January 2020, during the visit of Prime Minister of Norway in New Delhi, the Terms of Reference (ToR) was signed between India and Norway and based on this Terms of Reference, the first session of India-Norway Dialogue on Trade and Investment was summoned after signing the Dialogue of Trade and Investment, in New ..
Foreign direct investment (FDI) is an investment which is made by an individual, group of individuals or the corporate of one country in the business of another country It takes place when an investor needs to establish foreign business operations or acquire foreign business assets. This may include getting ownership or a controlling stake in ..
The Finance Minister of India had, in his budget speech (2018-2019), announced the setting up of two Defence Industrial Corridors in the country. A review of the progress on the same was carried by the various stakeholders including the Defense Minister and various other bureaucrats. What are the Defence Industrial Corridors? India currently imports over ..
The Central Government of India has proposed a relaxation in the FDI norms for the various sectors like the media, aviation, insurance and single brand retail. This will allow these sectors to attract more overseas investment. Earlier, in the budget, it was stated by the Finance Minister of India, Nirmala Sitharaman that the quantum of ..