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. ..
Foreign direct investment: GK, General Studies and 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 ..
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 ..
India, Japan and Australia have begun discussions on launching a trilateral Supply Chain Resilience Initiative (SCRI) to reduce dependency on China, necessitated by Beijing’s aggressive political and military behaviour. Supply Chain Resilience Initiative In the context of international trade, supply chain resilience is an approach that helps a country to ensure that it has diversified ..
India is on its way to create an ally with Japan and Australia to launch a trilateral Supply Chain Resilience Initiative (SCRI) to counter the dependency on China, in the light of Beijing’s aggressive policy. Key highlights The initiative has reportedly been proposed by Tokyo at first. The country expressed its urgency to work on ..