Page 4 - Foreign Direct Investment
DPIIT to soon issue clarification on 26% FDI in digital media sector
The DPIIT has already taken views of the Information and Broadcasting Ministry on the issue
 "DPIIT to soon issue clarification on 26% FDI in digital media sector")
The global easing cycle
India will need interventions to protect financial stability
 "The global easing cycle")
Govt examining foreign fund flows in infra, telecom at sensitive locations
Many departments and agencies, including the Reserve Bank of India (RBI), have been involved in the exercise
 "Govt examining foreign fund flows in infra, telecom at sensitive locations")
Total FDI inflow into India increased by $62 bn in 2018-19, says govt
Goyal's response came in response to a question by Congress MP Abdul Khaleque on whether the Foreign Direct Investments into India have declined in 2018-19
 "Total FDI inflow into India increased by $62 bn in 2018-19, says govt")
M&A in auto sector up 73% to $449 million in CY19 despite slowdown
Growth led by $275 million Mahindra-Ford deal, domestic volumes cross $100-million mark first time since 2017 to touch $141 million
 "M&A in auto sector up 73% to $449 million in CY19 despite slowdown")
DPIIT received complaints of e-commerce firms offering discounts: Goyal
The Reserve Bank of India (RBI) administers the FEMA and Directorate of Enforcement is the authority for the enforcement of the act
 "DPIIT received complaints of e-commerce firms offering discounts: Goyal")
Centre prioritises coking coal contracts over foreign mine purchases
Company may at best consider picking up stakes in coking coal companies instead of going for an outright purchase
 "Centre prioritises coking coal contracts over foreign mine purchases")
Govt to set up mega parks near ports to attract FDI: Textile secretary
Addressing a conference, Textile Secretary Ravi Capoor said there has been a "very good response" from state governments on the proposed mega parks
 "Govt to set up mega parks near ports to attract FDI: Textile secretary")
Inter-ministerial group discusses possibility of further easing FDI norms
Under government route, foreign investor has to take prior approval of respective ministry/department
 "Inter-ministerial group discusses possibility of further easing FDI norms")
Trying to negotiate with CIL workers; things to normalise soon: Prahlad
Last week, the trade unions had declined to attend a meeting with Joshi to discuss their demand of withdrawing 100 per cent FDI in coal mining
 "Trying to negotiate with CIL workers; things to normalise soon: Prahlad")
Tax cut gives PM Modi the perfect pitch to win American investments
The cropped tax rates are the latest in a series of steps announced by the government
 "Tax cut gives PM Modi the perfect pitch to win American investments")
Unhappy over 100% FDI in mining, coal workers to strike on 24 Sep
Major central trade unions, including INTUC, AITUC, CITU, HMS and AICCTU, are supporting the strike
 "Unhappy over 100% FDI in mining, coal workers to strike on 24 Sep")
A positive move
FDI policy should be supplemented with wider reforms
 "A positive move")
More than 40 global brands may go online soon in India after FDI reforms
Brands hope for volume sales even before setting up physical stores
 "More than 40 global brands may go online soon in India after FDI reforms")
FDI norms eased for single brand retail, digital media, manufacturing
Exports to be factored in to meet 30% domestic sourcing norm
 "FDI norms eased for single brand retail, digital media, manufacturing")
Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch
The Budget proposal of relaxing foreign investment limit in insurance intermediaries will strengthen distribution capabilities and increase international involvement, particularly from developed markets, Fitch Ratings said Monday. The Budget 2019-20 tabled in Parliament on July 5, permitted foreign companies to own up to 100 per cent in insurance intermediaries, including insurance agents, brokers, loss assessors and surveyors, from the 49 per cent, to attract more foreign direct investment into the industry. "India's proposed removal of the foreign-ownership cap on insurance intermediaries is likely to increase competition, strengthen distribution capabilities to enhance insurance penetration and boost M&A in the medium to long term," Fitch Ratings said in a statement. The proposed change is only applicable to insurance intermediaries while the cap on foreign ownership in insurance companies will remain at 49 per cent. Still, the government has indicated that it may take further .
 "Relaxing FDI limit in insurance intermediaries to boost distribution: Fitch")
India Inc's FDI down over two times to $820 million in June, shows RBI data
In May, the Indian firms had invested over $1.56 billion in their overseas ventures
 "India Inc's FDI down over two times to $820 million in June, shows RBI data")
Budget impact: FDI cap in insurance sector may be raised to 74%
The govt is also looking to allow FDI in information utilities at 100% through govt approval route
 "Budget impact: FDI cap in insurance sector may be raised to 74%")
Budget 2019 analysis: Here's what 5 key sectors expected and what they got
EY analyses Nirmala Sitharaman's Budget 2019 for Business Standard, comparing the expectations of five key sectors of the economy and what they actually got in Budgetary provisions
 "Budget 2019 analysis: Here's what 5 key sectors expected and what they got")
No FDI love? Apple, Amazon show 2 faces of India's quest to lure investment
India definitely needs to attract investments in manufacturing and other sectors
