Page 2 - Foreign Direct Investments
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 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")
Govt has received complaints against e-comm firms for FDI violation: Goyal
Necessary actions have been taken for investigation by the Enforcement Directorate, Parliament was informed
 "Govt has received complaints against e-comm firms for FDI violation: Goyal")
DPIIT to hold meetings with industry, trader bodies on FDI in ecommerce
DPIIT will hold a host of meetings with industry and trader associations this month on issues pertaining to foreign direct investment in the e-commerce sector, an official said.
 "DPIIT to hold meetings with industry, trader bodies on FDI in ecommerce")
It is my duty to appeal: FM Sitharaman on Cairn arbitration award
India's sovereign authority to tax cannot be questioned by anybody, she asserts
 "It is my duty to appeal: FM Sitharaman on Cairn arbitration award")
India's FDI inflows grew by 81% in Nov 2020 to $10.15 bn, equity at $8.5 bn
FDI is a major driver of economic growth and an important source of non-debt finance for the economic development of India
 "India's FDI inflows grew by 81% in Nov 2020 to $10.15 bn, equity at $8.5 bn")
India witnesses highest growth in FDI in 2020 due to digital investments
On the other hand, fund flows "declined most strongly" in major economies such as the UK, the US and Russia due to the pandemic
FDI in India rose by 13% in 2020 as inflows declined in major economies: UN
Foreign Direct Investment into India rose by 13% in 2020, boosted by interest in the digital sector, and while fund flows "declined most strongly" in major economies, the UN has said
China beat US as largest recipient of FDI, received $163 billion in 2020
In 2019, the United States had received $251 billion in inflows and China received $140 billion
 "China beat US as largest recipient of FDI, received $163 billion in 2020")
Safe investment destination: FDI equity inflows in India cross $500 billion
No amount was raised by way of rupee-denominated bonds (RDBs) or masala bonds during the month under reporting in 2020 and 2019
 "Safe investment destination: FDI equity inflows in India cross $500 billion")
Digital media FDI rules to help government keep tabs on Chinese apps
Security clearance to CEO, foreign personnel aimed at monitoring sector, said experts
 "Digital media FDI rules to help government keep tabs on Chinese apps")
Centre increases FDI limit in defence from 49% to 74% under automatic route
The Central government has increased the foreign direct investment (FDI) limit in the defence sector from 49 to 74 per cent under automatic route and beyond 74 per cent through the government route."Welcome Prime Minister Narendra Modi ji's decision to amend FDI policy in Defence Sector. Now, FDI is allowed upto 74% through automatic route & beyond 74% to be permitted through Govt route. This will enhance Ease of Doing Business and contribute to growth of investment, income and employment," Minister of Commerce and Industry Piyush Goyal tweeted.Making the announcement on Twitter on Friday, Goyal added that foreign investments in the defence sector will be subject to scrutiny on grounds of national security.According to an order issued by the Ministry of Commerce and Industry, the FDI limited through government route has been increased to beyond 74 per cent "wherever it is likely to result in access to modern technology or for other reasons to be recorded"."Foreign investments in
 "Centre increases FDI limit in defence from 49% to 74% under automatic route")
FDI in commercial mining from border sharing nations needs govt nod: India
It is further clarified that any FDI in the commercial coal mining is subject to applicable laws, including the Press Note 3 of 2020, the statement said.
 "FDI in commercial mining from border sharing nations needs govt nod: India")
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")
RBI seeks clarity from govt on Taiwan's foreign direct investment status
The political and legal status of Taiwan is a contentious issue, with China seeing Taiwan as a breakaway province that will eventually be part of the country again
 "RBI seeks clarity from govt on Taiwan's foreign direct investment status")
Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient
Singapore continued to be largest source of FDI for India for second consecutive year
 "Inbound FDI rose 14% in FY20 to $49.9 billion; service sector top recipient")
Made in India, for and by Indians, says Reliance Industries on rights issue
In a corporate presentation titled 'New Reliance for a New India', released on Friday, RIL termed itself as the best proxy for India's consumption-driven and tech-propelled growth story.
 "Made in India, for and by Indians, says Reliance Industries on rights issue")
RBI googly on adherence to new Press Note 3 norms puts AIFs in a bind
Raises doubts over drawing down capital from Chinese LPs
 "RBI googly on adherence to new Press Note 3 norms puts AIFs in a bind")
The rise of discretion
Recent decisions in the wake of Covid-19 have hurt India's FDI policy
Before change in FDI rules, Chinese invested millions in Indian tech firms
Between January and April 2020, Chinese companies and US hedge funds raised their stakes in Byju's, Paytm and many other billion-dollar Indian technology companies
