Page 6 - Latest Updates on FDI
Govt permits 100% FDI in oil & gas PSUs approved for disinvestment
"The above decision will take effect from the date of FEMA notification," an official statement said
 "Govt permits 100% FDI in oil & gas PSUs approved for disinvestment")
FDI in food processing sector falls 57% to $393 million in FY21
During 2018-19, FDI in FPI sector stood at USD 628.24 million.
 "FDI in food processing sector falls 57% to $393 million in FY21")
DoT awaiting investors detail from Voda Idea for Rs 15k-cr FDI application
The Department of Telecom is awaiting the details of investors from Vodafone Idea for clearing the telco's Rs 15,000 crore foreign direct investment proposal, an official source said on Thursday.
 "DoT awaiting investors detail from Voda Idea for Rs 15k-cr FDI application")
Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale
Current FDI policy restricts FDI in oil PSUs to 49%; most bidders who have shown interest in acquiring BPCL have foreign investment
 "Union Cabinet approves 100% FDI in PSU refiners to aid BPCL sale")
UK yeast maker AB Mauri to set up Rs 1,100 cr unit in Pilibhit, UP
State has allotted 257 acres to MNC, project likely to create 5,000 jobs
Govt to soon issue 'clarification' on FDI in e-commerce: Piyush Goyal
Minister rules out amendments; development follows complaints that some e-commerce behemoths have been flouting the policy rolled out by govt
 "Govt to soon issue 'clarification' on FDI in e-commerce: Piyush Goyal")
India's total FDI inflow rises 38% year-on-year to $6.24 billion in April
Total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital. FDI equity inflow grew 60 per cent on year to $ 4.44 billion in April.
 "India's total FDI inflow rises 38% year-on-year to $6.24 billion in April")
FDI in computer software, hardware jumps threefold to $26.14 bn: DPIIT data
Foreign direct investment in computer software and hardware jumped over threefold to $26.14 billion during 2020-21 on account of significant growth in the country's technology space
 "FDI in computer software, hardware jumps threefold to $26.14 bn: DPIIT data")
BPCL privatisation: Govt may allow 100% FDI in divested refiners
This is an enabling provision required for privatisation of BPCL
 "BPCL privatisation: Govt may allow 100% FDI in divested refiners")
US pips Mauritius as 2nd largest source of FDI in India in 2020-21: DPIIT
The US replaced Mauritius as the second largest source of foreign direct investment into India during 2020-21 with inflows of USD 13.82 billion, according to government data.
 "US pips Mauritius as 2nd largest source of FDI in India in 2020-21: DPIIT")
Govt considering FDI policy tweak to facilitate privatisation of BPCL
The tweak might allow overseas investors to pick up a majority stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd
 "Govt considering FDI policy tweak to facilitate privatisation of BPCL")
Healthy FDI inflow confirms preferred investment status of India: CII
Healthy flow of FDI into the country corroborates India's status as a preferred investment destination among global investors, industry chamber CII said on Tuesday.
 "Healthy FDI inflow confirms preferred investment status of India: CII")
India attracts record FDI of $81 bn in FY21; Gujarat remains top recipient
Despite Covid shock, equity inflow grows 19%; Gujarat remains top recipient
US lawmakers welcome India's move to increase FDI in insurance to 74%
Two influential US lawmakers have applauded the Indian government's move to increase foreign direct investment in the insurance sector
 "US lawmakers welcome India's move to increase FDI in insurance to 74%")
Govt may hike pension sector FDI limit to 74%; Bill likely in next session
The government may hike foreign direct investment (FDI) limit in the pension sector to 74% and a Bill in this regard is expected to come in the next Parliament session
 "Govt may hike pension sector FDI limit to 74%; Bill likely in next session")
India's FDI equity inflow up 28% year-on-year in April-January period
Singapore is the top source of FDI in India, with 30.28% share of entire FDI equity inflow. US comes next, with 24.28% and UAE at 7.31%
 "India's FDI equity inflow up 28% year-on-year in April-January period")
FDI in insurance may shorten break-even period by 3 years: IIM Indore study
Currently, operating and commission expenses of private insurers are said to be thrice those of public counterparts. It is here that a hike in FDI limit will give the former a level-playing field
 "FDI in insurance may shorten break-even period by 3 years: IIM Indore study")
DPIIT meet: Foreign vs Indian war of words over e-commerce FDI policy
The industry has been asked to send inputs in writing within a week to the government for further consultation
 "DPIIT meet: Foreign vs Indian war of words over e-commerce FDI policy")
Bill to increase FDI limit in insurance sector gets Parliament's nod
The bill raises the limit to 74 per cent
 "Bill to increase FDI limit in insurance sector gets Parliament's nod")
Insurance Amendment Bill to raise FDI limit to 74% in Lok Sabha
FM Sitharaman said on Monday that raising the FDI limit was necessary to help insurers deal with issues concerning financial stress
 "Insurance Amendment Bill to raise FDI limit to 74% in Lok Sabha")
