LIVE MARKET TRACKER :   BSE SENSEX        |    NSE NIFTY    
GLOBAL MARKETS :  NASDAQ      |    FSI London      |    NIKKEI Japan  
  USD GBP EUR CAD AUD INR
USD -
GBP -
EUR -
CAD -
AUD -
INR -
Indian-Commodity  :  Economy  :  Govt mulling to ease FDI norms in construction, print media and retail sector

Govt mulling to ease FDI norms in construction, print media and retail sector (18-May-2017)

In a bid to attract higher foreign investments in the country, the government is mulling easing foreign direct investment (FDI) policy on construction, print media and retail sectors, which will provide investor friendly climate to foreign players and in turn boost economic growth & create jobs. In this regard the commerce and industry ministry may approach the Cabinet soon to get the final approval on these proposals.

In print media the government is considering to relax FDI norms in certain areas, currently government allows foreign investment in areas such as printing of newspapers and publishing of scientific magazines with certain conditions and FDI caps. In construction and development sector, proposal is to ease the policy, under which an Indian company could be allowed to bring FDI even for undeveloped plots in any project. Currently, 100 percent FDI is allowed in the construction sector subject to various conditions. The government is also mulling easing policy in single brand and multi-brand retail trading and there are consideration to allow 100 percent FDI in single brand retail sector through automatic route with certain conditions.

Foreign investments are considered crucial for economic development of the country and to attract maximum FDI into the country, the government has been relaxing the foreign investment norms in various sectors. Foreign investments will help improve the country's balance of payments situation and strengthen the rupee value against other global currencies, especially the dollar and India needs around $1 trillion to overhaul its infrastructure sector such as ports, airports and highways to boost growth.


Top News Today
Tata Power's arm launches Club Enerji in Ajmer
(20-Feb-2018)

Tata PowerTata Power's arm -- Tata Power Ajmer Distribution (TPADL) -- has launched Club Enerji in Ajmer its first Energy Club at Rajkiya Balika Sr. Secondary School at Ramnagar, Ajmer.Club Energy is working towards......click on news to read complete article.

Atlas Cycles launches India's first Titanium Bicycle
(20-Feb-2018)

Atlas Cycles launches IndiaAtlas Cycles (Haryana) has launched India's first Titanium Bicycle. The bike was launched at Auto Expo 2018 and was the center of attraction among the visitors and media. This premium bike for professional......click on news to read complete article.

NIIT Technologies, Arago to accelerate Artificial Intelligence adoption in GICs
(20-Feb-2018)

NIIT Technologies, Arago to accelerate Artificial Intelligence adoption in GICsNIIT Technologies is planning to deepen its partnership with Arago to optimize the IT operations of Global In-House Centers (GICs) using Artificial Intelligence (AI) to deliver greater agility, high quality......click on news to read complete article.

International Stock News
Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

Asian markets trade mostly lower in early deals on Tuesday
(20-Feb-2018)

Asian markets trade mostly lower in early deals on TuesdayMost of the Asian equity benchmarks are trading lower in the early deals on Tuesday after a US holiday and attention turned to the US Federal Reserve. Meanwhile, Japanese Nikkei share average dropped,......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.