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
The sources said the proposal had already been discussed by the DEA and Sebi and is awaiting feedback from the Prime Minister's Office (PMO).
The restriction would be applicable from the date of notification by the Government of India
The sector had received FDI worth $628.24 million in 2018-19
What we need is a map - an economic blueprint - that will address the need for domestic growth and put in place measures that will make India attractive for foreign investment.
Admits labour migration posing a challenge to industrial revival; no special approval needed to start operations for new MSME units for next 3 years
Industry wants cash in the hands of the poor, more policy reform in sectors such as tourism, automotives and aviation
In Europe, over 30 million people in Germany, France, the UK, Spain, and Italy have applied for state support, while first quarter 2020 data indicates that the eurozone economy contracted by 3.8%
Modi held a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Commerce & Industry Minister Piyush Goyal and officials to discuss strategies to woo investors
Recent decisions in the wake of Covid-19 have hurt India's FDI policy
Bharti Airtel infused $978.92 million in a wholly-owned subsidiary in Mauritius, Tata Steel invested $162.19 million in a subsidiary in Singapore
But confidence in global economic growth reached lowest levels since 2008 financial crash
Minister's remarks come a day after Bezos announced $1 billion investment
Finance ministry has proposed appointing a mediator and setting up fast-track courts to settle disputes between investors and the government
FDI is important as the country requires major investments to overhaul its infrastructure sector to boost growth
Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track
G V L Narasimha Rao (BJP), Sudhanshu Trivedi (BJP), Rakesh Sinha (nominated), P L Punia (Congress), V P Nishad (SP) and Ashok Bajpai (BJP) took part in the discussion.
The government has taken various steps, including reduction of corporate tax, she said at India-Sweden Business Summit
India's economic issues are cyclical and not structural, and we believe India will resume its previous pace of economic growth in coming years, says Franklin
Overseas funds have long sought greater access to Indian bonds, drawn to an economy where the yields are among Asia's highest