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New Delhi, Jun 5 (PTI) In a move to position India as the global epicentre of traditional medicine and wellness, the government of India has launched the Ayush Nivesh Saarthi portal. The portal was launched on May 29 during the Ayush Stakeholder/Industry Interaction meet held at Vanijya Bhawan here, an Ayush Ministry statement said. The portal was jointly unveiled by Union Minister of Commerce and Industry Piyush Goyal and Union Minister of State (Independent Charge) for Ayush Prataprao Jadhav ...Read More >
New Delhi, June 5 (SocialNews.XYZ) BJP leader Amit Malviya on Thursday dished out economic data and facts to counter Leader of Opposition in Lok Sabha Rahul Gandhi's claims on an alleged drop in car, two-wheeler and mobile sales and a 'pressure' on common people. "Rahul ji, change the cassette of lies - the country is not running towards 2024, but towards 2047!" said Malviya, in-charge of the BJP's National Information and Technology Department, in a post full of data and figures to buttress th ...Read More >
New Delhi, May 27 (PTI) Fitch Ratings on Tuesday said Sumitomo Mitsui Financial Group's (SMFG) 20 per cent stake buy in Yes Bank could pave way for other foreign entrants in the Indian banking sector. India's foreign investment norms cap voting rights for investors in banks at 26 per cent and investments by financial institutions in Indian banks at 15 per cent, which have deterred such stake sales, its said. "The Yes Bank transaction will be the first significant acquisition by a foreign bank ...Read More >
Bengaluru: Deputy chief minister DK Shivakumar highlighted Bengaluru's dominance in India's aerospace sector during the inauguration of the 15th edition of Aero India, claiming the city controls more than 60% of the country's aerospace manufacturing and defence research operations. He stressed Karnataka's critical role in India's aerospace ambitions, noting that the state contributes 67% of aircraft and helicopter manufacturing for defence services and 65% of aerospace-related exports. In an a ...Read More >
New Delhi: Increasing foreign investment limit in the insurance sector to 100 per cent from 74 per cent is likely to attract more global players in the growing Indian insurance market, Moody's Ratings said on Tuesday. Additionally, strong premium growth is expected to boost profitability of the sector. Currently, many foreign insurers are present in the country through joint ventures and could seek to increase their ownership stakes in their Indian affiliates following this change in regulatio ...Read More >
Dispur (Assam) [India], January 21 (ANI): As part of global outreach initiatives for the upcoming Advantage Assam 2.0 Investment and Infrastructure Summit, Assam Chief Minister Himanta Biswa Sarma invited South Korean industrialists to the marquee event in Guwahati on February 25-26. Speaking at an investment roadshow organized by the Indian Chamber of Commerce in Seoul, Sarma underscored Assam's strategic and locational advantages as key attractions for foreign investment. Also Read | Share M ...Read More >
New Delhi, Dec. 17: India's exports in November contracted by 4.85 per cent year-on-year to USD 32.11 billion, and trade deficit widened to an all-time high of USD 37.84 billion due to record surge in gold points. This development follows after India recorded double-digit growth in exports in October. According to the commerce ministry data, imports rose by 27 per cent year-on-year to a record USD 69.95 billion in November due to high inbound shipments of vegetable oil, fertiliser, and silver. ...Read More >
With the latest inflow, net FPI investment has reached Rs 7,747 crore in 2024 so far, according to data with the depositories. Foreign investors have made a strong comeback to Indian equities with a net investment of Rs 22,766 crore in the first two weeks of December driven by expectations of rate cut by the US Federal Reserve. This revival follows significant outflows in the preceding months, with Foreign Portfolio Investors (FPIs) pulling out a net Rs 21,612 crore in November and a massive Rs ...Read More >
Former Finance Commission Chairman Arvind Panagariya advocated for India to remain open to Chinese investments, except in sensitive sectors, mirroring the approach of countries like the US and Germany. He also emphasized the importance of expanding India's Free Trade Agreements to facilitate smoother global supply chain participation and boost exports, citing the example of iPhone's multinational production process.India should remain open to investments from China as other developed countries l ...Read More >
New Delhi, Dec 12 (PTI) India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially "unfriendly countries" that might damage the interest of the nation. Also Read | RRB JE Exam 2024 Admit Card Out at rrbapply.gov.in: Hall Ticket for 7,951 Junior Engineer Posts ...Read More >
New Delhi [India], December 12 (ANI): A nearly 26 per cent rise in FDI to USD 42.1 billion during the first half of the current fiscal year 2024-25 helped India's gross foreign direct investment (FDI) inflows reach an impressive USD 1 trillion since the start of this century. India has achieved a remarkable milestone in its economic journey, with gross foreign direct investment (FDI) inflows reaching an impressive USD 1 trillion since April 2000. This landmark achievement was helped by a nearl ...Read More >
New Delhi, Dec 12 (VOICE) Total FDI inflows into India over the last decade (April 2014 to September 2024) amounted to $709.84 billion, accounting for 68.69 per cent of the overall FDI inflow in the past 24 years which crossed the $1 trillion mark, according to the Commerce and Industry Ministry's year-end review released on Thursday."This landmark achievement was bolstered by a nearly 26 per cent rise in FDI to $42.1 billion during the first half of the current fiscal year," the review stated. ...Read More >
New Delhi, Dec 12 (PTI) India should remain open to investments from China as other developed countries like the US and Germany, with the exception of a handful of sectors, 16th Finance Commission Chairman Arvind Panagariya said on Thursday. He also cautioned that one has to be careful about investments from potentially "unfriendly countries" that might damage the interest of the nation. However, developed countries are accepting investments from China in any particular sector, India can also ...Read More >
New Delhi: Foreign Direct Investment (FDI) inflows into India surged by a robust 45 per cent to $29.79 billion in April-September during the current financial year compared to $20.5 billion in the same period during 2023-24, according to figures compiled by the Department for Promotion of Industry and Internal Trade (DPIIT). The main sectors of the economy that benefited from the FDI include services, automobile, computer software, IT hardware, telecom and pharmaceuticals and chemicals. FDI in ...Read More >
H.E. Josel Francisco Ignacio, current Ambassador of the Philippines to India shares his credentials with President Droupadi Murmu On 16 November 1949, the Philippines and India, the two independent democracies would forge diplomatic ties. The two republics were born just a few years apart, first set out on the road to their bilateral friendship and collaboration. This inaugurated a period of closer government interaction, commerce and investment, and other bilateral and multilateral cooperation ...Read More >
Calls for opening up the insurance sector to higher foreign investment limit are getting louder, and necessary legislative steps in this regard could be taken during the ongoing Winter Session of Parliament. The foreign direct investment (FDI) limit in the insurance sector will likely be raised to 100% from 74%, CNBC-TV18 reported on November 26, citing sources who wished not to be identified. The channel also reported that insurance companies will possibly be allowed composite licences, with ...Read More >
While India must put in place the best possible dispute resolution system, there is a need to further liberalise the policy regime for FDI, besides improving the conditions for doing business in the various states. The National Democratic Alliance regime is optimistic of attracting $100 billion annually in foreign direct investments (FDI) as it is currently the world's fastest-growing large economy with unmatched market growth opportunities in sunrise sectors such as semiconductors, electric ve ...Read More >
NEW DELHI: Government is all set to allow 100% foreign direct investment in insurance business, paving the way for large companies to enter the market on their own, while allowing individual insurance agents to hawk policies of multiple companies, lifting the cap on being associated with only one life and general insurer. The twin measures are part of the Insurance Amendment Bill that is proposed to be introduced during the winter session of Parliament that kicks off later this month. On Augus ...Read More >
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