Foreign Direct Investment (FDI) Current Affairs, GK & News

Cabinet approves relief package for Telecom Companies

The Union cabinet has approved a relief package for telecom sector on September 15, 2021. The relief package includes a four-year moratorium on payment of statutory dues by telecom companies. Highlights Cabinet has also allowed 100 percent foreign investment (FDI) through the automatic route. Overall, nine structural reforms have been approved for the telecom sector. ..

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DPIIT starts project on Open Network for Digital Commerce (ONDC)

Department for Promotion of Industry and Internal Trade (DPIIT) has launched a project on Open Network for Digital Commerce (ONDC). Aim of ONDC project Project on Open Network for Digital Commerce was launched with the aim of promoting open networks developed on open-sourced methodology. Open network will be developed using open specifications & open network ..

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RBI Report: India’s Current Account surplus of 0.9% of GDP in FY21

As per data released by Reserve Bank of India (RBI), India has reported a current account surplus of 0.9 per cent of GDP in the Financial Year 2021 (FY21) amid the covid-19 pandemic. In 2020, it has reported current account deficit of 0.9 per cent in FY20. Key findings of report India’s current account deficit ..

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UN: India is 5th largest FDI recipient in 2020

As per UN report, India received USD 64 billion in foreign direct investments (FDI) in 2020. It has emerged the fifth largest recipient of FDI inflows across the world. World Investment Report 2021 “World Investment Report 2021” was released by UN Conference on Trade and Development (UNCTAD). As per the report, global FDI flows have ..

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FPI inflows in India: Rs 2.74 lakh crores in 2021

In 2021, India has emerged as the largest recipient of Foreign Portfolio Investments. The net FPI inflow for the fiscal year 2020-21 was Rs 2.74 lakh crores. Investment in equity segment The investments in the equity segment for the year 2020-21 touched Rs 2,74,503.  This is the highest quantum of money recorded since the National ..

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