Globalisation in India Current Affairs, GK & News

India opens door for FDI from Pakistan

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 ..

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Business & Economy Current Affairs : 14, 15 August 2009

August 14, 2009: GOM (Group of Ministers ) Constituted to examine raising fuel pricesPrime Minister Manmohan Singh has recently taken a decision to constitute a GOM (group of Ministers) to look into the issue of high aviation fuel prices in India that has exacerbated the current crisis of the industry.Some Interesting facts about Indian Aviation ..

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Background of India’s Foreign Trade

1. India entered into planned development era in 1950’s and at that time Import Substitution was a major element of India’s trade and industrial policy.2. In 1950 India’s share in the total world trade was 1.78% which reduced to 0.6% in 1995. During 2003-04 India’s share in the global trade was 0.8%, in 2005 it ..

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