Foreign direct investment Current Affairs, GK & News
The Government of India recently decided to allow 20% Foreign Direct Investment (FDI) in LIC (Life Insurance Corporation). This is to be done by amending the Foreign Exchange Management Rules (FEMA). What is the plan? The DFS, DIPAM are to create a plan to amend the FDI in insurance sector after consulting DPIIT. DFS is ..
Category: Economy & Banking Current Affairs
Topics: body corporate • Companies Act 2013 • Corporate • Department for Promotion of Industry & Internal Trade (DPIIT). • Department of Investment and Public Asset Management (DIPAM) • DIPAM • DPIIT • FDI • Foreign direct investment • Foreign Exchange Management • Foreign Exchange Management Act • Insurance • LIC • LIC Act 1956 • Life Insurance Corporation (LIC)
Recent figures by the United Nations Conference on Trade and Development highlights that, China has surpassed the United States as the world’s top destination for the foreign direct investment (FDI) in the year 2020. Highlights The eastward shift of the destination was the result of Covid-19 pandemic from which the United States is still recovering. ..
The Reserve Bank of India recently said that companies cannot set up Foreign Direct Investment from Mauritius. The apex bank has also banned FDI from jurisdictions similar to Mauritius as they do not comply with the norms set by Financial Action Task Force (FATF). Highlights Mauritius was recently listed in grey list of the FATF. ..
Category: International Current Affairs
On September 17, 2020, the Government of India permitted Foreign Direct Investment of 74 percentage under automatic route in defence sector. This is being done to attract more overseas investors in the defence industry. Highlights Till date, the Government of India has permitted 100% foreign investments in the defence sector. Of this 49% were allowed under ..
Category: Defence Current Affairs
Topics: Atma Nirbhar Bharat Abhiyan • Defence exports • Defence industry of India • DPIIT • Foreign direct investment • Geographical Indications • Industrial corridor • North East India • Reforms • self reliant india
Prime Minister Narendra Modi will deliver a special keynote address at the third US-India Strategic Partnership Forum (USISPF) Annual Leadership Summit. It is a 5-day summit that began on August 31, 2020 with the theme “US-India Navigating New Challenges”. It covers various subjects such as India’s potential in becoming a Global Manufacturing Hub, Opportunities in ..