FM Nirmala Sitharaman had announced a series of measures to boost investments in India's defence and aerospace sector last week as part of the tranche 4 of the Rs 20 trillion economic stimulus
Urge govt not to slap the rule on PE funds that have already raised money
PE, VC funds domiciled in the island nation on the radar
The vision includes building new ports to cater to the trade requirements, develop India as a Transshipment Hub and bring at least two ports in the world's top 10 rankings
Measures include negative import list, corporatisation of ordnance factories
Many companies are backing out from China (after coronavirus outbreak) and we are closely watching the developments, industries minister said
Another variant of the programme will be to provide a four-year tax holiday to firms that invest $100 million or more in labour-intensive sectors
The 10% threshold is in line with the rules for significant beneficial owners under the Companies Act, 2013
Cap on purchase limit being discussed
Move comes amid New Delhi's new FDI rules that Beijing calls dicriminatory
A substantial part of Chinese investments is routed through the Asian financial centre given its market expertise and deep pool of liquidity
Until now, Chinese investments were automatically allowed, similar to those from other nations, in all but 16 sectors, such as telecom, defence, and national security.
Aim is to curb 'opportunistic takeover' of Indian companies due to the current Covid-19 pandemic, new rules also apply to transfer of ownership of FDI
A watertight agreement is preventing Tata Sons from exiting AirAsia India
While debt is an important source of funds for the Indian economy, investors - especially foreign investors - have to navigate through various complexities associated with taxation of debt investment
Book review of RESURGENT ASIA: Diversity in Development
According to the Reserve Bank of India figures, outward FDI by India Inc was up 38 per cent in 2018-19 (FY19) to $12.6 billion
Coal India is likely to lose around 1.5 million tonne of production due to the stir
The ministry of coal's five-year vision plan for FY19-24 did not accounted for any production from commercial miners
The Union Cabinet also approved 100% FDI under automatic route in coal mining and associated infrastructure