Foreign direct investment in India 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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Rajya Sabha passes Insurance Amendment Bill

The Rajya Sabha has passed the “Insurance Amendment Bill 2021”. The Bill will amend the Insurance Act, 1938. The bill was passed even after the Opposition parties was criticising the bill for its clause that enable “control and ownership” by the foreign investors. Key Provisions of the bill The bill will increase the limit of ..

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Mauritius was largest source of Foreign Direct Investment (FDI) in India in FY17

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 ..

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India gets maximum FDI from Singapore

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 ..

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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 74% FDI hike in the sector in 2007 was opposed by the Ministries of Home ..

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