Page 10 - Latest Updates on FDI
Over 1,600 firms got $1 bn FDI from China during Apr 2016-Mar 2020: Govt
The automobile industry received the maximum FDI from China at $172 million
 "Over 1,600 firms got $1 bn FDI from China during Apr 2016-Mar 2020: Govt")
India received $20 billion in FDI during Covid-19 pandemic: FS Shringla
India has received over $20 billion in FDI amid the pandemic, Foreign Secretary Harsh Vardhan Shringla said, showcasing the country as one of the most attractive destinations for investment globally
 "India received $20 billion in FDI during Covid-19 pandemic: FS Shringla")
India needs to look at ESG factors to attract major FDI investment: Aghi
The investment pool around the world is estimated to be about USD 45 trillion, of this USD 12 trillion comes under ESG
 "India needs to look at ESG factors to attract major FDI investment: Aghi")
DPIIT calls for inter-ministerial meet on royalty payments on Aug 25
Officials from commerce department, Reserve Bank of India and revenue department are expected to participate
 "DPIIT calls for inter-ministerial meet on royalty payments on Aug 25")
India blocks firms from China, other neighbours in commercial coal auction
Coal ministry issues press note citing an amendment made to the FDI Policy in April.
 "India blocks firms from China, other neighbours in commercial coal auction")
Govt taking steps to attract FDI in infra to address cash crunch: Gadkari
The Road Transport, Highways and MSME minister also said that talks are on with various pension funds, insurance funds and financial institutions.
 "Govt taking steps to attract FDI in infra to address cash crunch: Gadkari")
Economy to rebound in second half of 2020 as Covid-19 recedes: IHS Markit
As lockdown conditions have been progressively eased, early signs of recovery were evident in the most recent economic data
 "Economy to rebound in second half of 2020 as Covid-19 recedes: IHS Markit")
India best destination for foreign investment in MSMEs, NBFCs: Gadkari
The minister called India as the most favourable destination for foreign investment and urged foreign investors to reap rich dividends by investing in the country's infra, MSMEs, banks, NBFCs
Growing confidence in Indian companies, US FDI crosses $40 bn: Report
Year to date investment from the US, including the recent ones, is over $40 billion
Best of BS Opinion: A tale of two taxes, India's FDI flows, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: A tale of two taxes, India's FDI flows, and more")
Remove contradictions
FDI clarity is welcome but messaging on trade isn't
Google CEO Sundar Pichai has a virtual meeting with PM Modi
The talks mainly focused on attracting FDI into India and the role of technology giants in turning around the economy
 "Google CEO Sundar Pichai has a virtual meeting with PM Modi")
Coal workers' strike: Trade unions to decide on future course of action
Tapan Sen, general secretary of the Centre of Indian Trade Unions (CITU), said that in comparison to the previous two days, more workers have joined the strike on Saturday
 "Coal workers' strike: Trade unions to decide on future course of action")
Coal India unions on 3-day strike to protest against commercial mining, FDI
The workers are protesting against commercial mining and the FDI in the coal sector which was implemented last year by the central government
 "Coal India unions on 3-day strike to protest against commercial mining, FDI")
Foreign exchange reserves up by $64.9 bn in FY20; FDI inflow at $43 bn: RBI
The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a loss of $8.3 billion during 2018-19
 "Foreign exchange reserves up by $64.9 bn in FY20; FDI inflow at $43 bn: RBI")
Investment pipeline charts a different course on its way to India
Old favourites Singapore and Mauritius slowly giving way to funds from Cayman Islands and British Virgin Islands, whose flows into into the country have grown 267% and 469%, respectively
 "Investment pipeline charts a different course on its way to India")
Protracted litigation sets bad precedent, says Bid Services' Rory Mackey
In a Q&A, Rory Mackey, says India's long-drawn litigious process could impact one of its key infra assets and doesn't set a good precedent for the country as the preferred FDI
 "Protracted litigation sets bad precedent, says Bid Services' Rory Mackey")
Mamata opposes 100% FDI in coal sector, asks PM to reconsider decision
Coal India is of the view that as foreign companies enter India and start domestic production, it will help in reducing imports.
 "Mamata opposes 100% FDI in coal sector, asks PM to reconsider decision")
Mamata wants Modi to reconsider decision allowing 100% FDI in coal mining
Expressing reservations about the central govt allowing 100% FDI in the coal sector, Banerjee has written to Prime Minister Narendra Modi requesting him to reconsider the decision
Facebook seeks legal advice on $5.7-billion investment in Jio Platforms
Social media giant has some investors from China, wants clarity on beneficial ownership norms
 "Facebook seeks legal advice on $5.7-billion investment in Jio Platforms")
