Foreign direct investment in India Current Affairs, GK & News
Mauritius was the largest source of Foreign Direct Investment (FDI) in India in FY17, according to recent census by the Reserve Bank of India (RBI). It has 21.8% share at market value. As per RBI’s data on Census on Foreign Liabilities and Assets of Indian Direct Investment Companies 2016-17, United States has acquired 2nd position ..
As per the report by industry chamber PHDCCI and KPMG, in 2015-16, India had received the maximum FDI inflows from Singapore followed by Mauritius, the US, the Netherlands and Japan. India had attracted $13.69 billion FDI from Singapore in 2015-16. The survey has also stated that 40% of FDI flows on average between 2000 and ..
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 74% FDI hike in the sector in 2007 was opposed by the Ministries of Home ..
Cabinet allowed 51% FDI in multi-brand retail and also 49% FDI in the aviation domain. But the Govt left it to the state governments to allow establishment of multi-brand retail stores. FDI limit on various streams of broadcast services has also been raised by up to 74%.
India allowed foreign direct investment (FDI) from Pakistan. But it will be only through government route and not through the automatic route. Earlier, no individual residing in Pakistan or a company based there was permitted to invest as FDI in India. Except a few sectors- Defense, Space and Atomic energy, Govt has allowed all kinds ..