Apex court refuses to interfere with policy on FDI in retail

Asserting that Policy making is exclusive right of the executive, the Supreme Court refused to interfere with the policy on FDI in retail. The Centre informed the court that Reserve Bank of India had notified the amendments to the regulations ..

Month: Current Affairs - November, 2012

Category: Legal & Constitution Current Affairs

DoT rejects proposal of Parekh panel

The Department of Telecommunications (DoT) rejected the proposal of the Parekh committee on the financing of infrastructure to increase the ceiling on FDI in this sector from current 74% to 100%. DoT opposes this due to security concerns . The ..

Government approves 14 FDI Proposals worth Rs 1584.11 crore

Based on the recommendation of the Foreign Investment Promotion Board, the government approved 14 FDI proposals worth Rs 1584.11 crore. The FDI proposals which obtained government sanction included Rs 225 Crore investment in the Indian operations of Asian equity research ..

Month: Current Affairs - July, 2012

IKEA plans invest Rs 10,500 crore to set up 25 stores in India

Swedish IKEA, the world’s largest furniture manufacturer, has plans to invest about Rs 10,500 crore to establish 25 stores in single-brand retail in India. This will be the biggest investment in the single-brand retailing since the government allowed FDI in ..

Month: Current Affairs - June, 2012