E India CA

Professional Updates for Chartered Accountants

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With $36 billion in nine months, FDI may deliver a record

NEW DELHI: Overseas investment in India is likely to surge to a record in the year ending March despite temporary growth hiccups ascribed to the currency swap programme. This underscores India’s status as an island of economic stability, especially as foreign direct investment (FDI) flows worldwide slumped 13% last year am...

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Government clears 89 single-brand retail, 1 multi-brand proposals

Government today said it has approved 89 proposals for foreign investment in single brand retail trading (SBRT) and one in the multi-brand sector up to March. "The government has approved 89 proposals for foreign investment in single-brand retail trading and one for foreign investment in the multi-brand retail trading sector up to Ma...

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Govt. mulling raising FDI cap in newspapers, periodicals

The government is mulling a raise in foreign direct investment limit in newspapers and periodicals to 49 per cent from 26 per cent at present. Currently, the FDI policy permits 26 per cent foreign direct investment in the publishing of newspapers and periodicals dealing with news and current affairs through government approval route...

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Reforms in India: Govt bats for FDI in select legal services

The government is moving fast in allowing foreign direct investment (FDI) in certain services in the legal sector as it ramps up efforts to align policies related to various services with best global practices and continue with reforms in the FDI space, sources told FE. A draft note to allow FDI has been floated after discussions am...

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Foreign investment up 13% to $16.63 bn in H1 FY16

Foreign direct investment (FDI) in the country grew 13 per cent to $16.6 billion during the April-September period of the current financial year. The foreign investment was $14.7 billion during April-September 2014, according to the latest figures of the Department of Industrial Policy and Promotion (DIPP). During the first hal...

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DIPP notifies easing of FDI policy in several sectors

The Department of Industrial Policy and Promotion on Tuesday notified the recent liberalization of foreign direct investment (FDI) policy in several sectors including defence, retail and construction development sector. The DIPP has also defined the term “manufacturing” for attracting FDI. In a recent decision, the government has...

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Real estate FDI ease not to change much on ground

The recent liberalisation of foreign direct investment (FDI) regulations will not result in immediate investments as fund managers remain bearish on the domestic residential real estate sector. A number of fund managers concurred that though the reforms do help as far as ease of doing business is concerned but is not sufficient to pu...

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FIPB clears 6 FDI proposals worth Rs1,810 crore

The Foreign Investment Promotion Board (FIPB) has cleared six FDI proposals envisaging foreign investment of Rs1,810 crore, including that of IIFL Holdings. “Based on the recommendations of FIPB in its meeting held on 30 October 2015, the government has approved six proposals of foreign direct investment (FDI) amounting to Rs1,810...