Foreign direct investment Current Affairs, GK & News
Make in India completes 8 years
The Indian Government’s Make India initiative has completed eight years. Key facts The government’s flagship initiative has helped 27 sectors to make significant progress, including manufacturing and services sectors. It has doubled the annual foreign direct investment to 83 billion USD. With this, India is expected to attract 100 billion USD in FDI this fiscal. ..
Month: current affairs - september, 2022
Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs
Topics: Department for Promotion of Industry & Internal Trade (DPIIT). • digital foreign direct investments • DPIIT • Foreign direct investment • Foreign Direct Investment (FDI) • Make in India • Make in India campaign • Make in India program • National Single Window System • PM Gati Shakti Masterplan • production linked incentive • Production Linked Incentive (PLI)
India’s FDI Inflow in April-Dec 2021
According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), during April-December 2021, India’s Foreign direct investment (FDI) equity inflows contracted by 16 percent to USD 43.17 billion. Overview: During the same time period the previous year, inflows stood at USD 51.47 billion. Total FDI inflows (reinvested earnings, equity inflows, and ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Cayman Islands • Department for Promotion of Industry and Internal Trade • Foreign direct investment • Mauritius • Ministry of Commerce and Industry • Netherlands • Singapore • UK • USA
J&K FDI Policy
Jammu & Kashmir’s Lieutenant Governor Manoj Sinha has approved a foreign direct investment (FDI) policy for the union territory with a foreign stake of a minimum of 51 percent. Overview: L-G Manoj Sinha approved the Policy for Promotion of Foreign Investment in the Industrial Sector in J&K during a meeting of the Administrative Council (AC) ..
Month: Current Affairs - February, 2022
Category: Economy & Banking Current Affairs - 2022 • India Nation & States Current Affairs • States Current Affairs
Topics: Department for Promotion of Industry and Internal Trade • Foreign direct investment • Jammu & Kashmir • Lieutenant Governor Manoj Sinha • Reserve Bank of India
Foreign direct investment in LIC
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 ..
Month: Current Affairs - January, 2022
Category: Economy & Banking Current Affairs - 2022
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)
UN: China overtakes US for Foreign Direct Investment
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. ..
Month: Current Affairs - January, 2021
Category: International / World Current Affairs • Reports & Indexes Current Affairs
Topics: Foreign direct investment • Foreign Portfolio Investment • United Nations Conference on Trade and Development • US-China
RBI bans FDI establishments from Mauritius-Reasons, Causes, Impacts
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. ..
Month: Current Affairs - October, 2020
Category: International / World Current Affairs
Topics: China • FATF • FATF blacklist • Foreign direct investment • India-Mauritius • Investment • Tax haven