LIVE MARKET TRACKER :   BSE SENSEX   31138.21      |    NSE NIFTY 9574.95    
GLOBAL MARKETS :  NASDAQ 6265.2495   +0.4580%    |    FSI London 7424.13   -0.20%    |    NIKKEI Japan 20162.21   +0.15%
  USD GBP EUR CAD AUD INR
USD - 0.7845 0.8937 1.3258 1.3208 64.5300
GBP 1.2749 - 1.1392 1.6902 1.6837 82.2590
EUR 1.1192 0.8780 - 1.4839 1.4782 72.1975
CAD 0.7544 0.5921 0.6741 - 0.9967 48.6740
AUD 0.7573 0.5941 0.6767 1.0041 - 48.8380
INR 0.0155 0.0122 0.0139 0.0206 0.0205 -
Indian-Commodity  :  Top News  :  Govt decides not to raise FDI cap in print media sector

Govt decides not to raise FDI cap in print media sector (21-Jul-2016)

Putting an end the long pending issue of relaxing FDI policy in print media, the government has finally decided not to raise foreign direct investment (FDI) limit on newspapers and periodicals to 49 percent from the current 26 percent. The Department of Industrial Policy and Promotion (DIPP) who was looking at the proposal after being asked by the Department of Economic Affairs (DEA), ruled against such an increase of FDI cap in print media sector and reportedly said that a "considered view" was taken against increasing the FDI cap in print media sector

The move to raise FDI limit was aimed at attracting more foreign funds and the issue of relaxing the FDI cap in print media came up for discussions last November as well as during the recent liberalisation of the norms in June and both times it was decided not to tweak the caps. At present, the FDI policy permits 26% FDI in the publishing of newspapers and periodicals dealing with news and current affairs through government approval route.

Recently, the government had announced a series of changes in its FDI policy, opening sectors like pharmaceuticals industry, civil aviation, animal husbandry, and e-commerce related to food products manufactured in India and broadcast technology such as DTH, cable and mobile television to 100% FDI. During 2015-16, FDI into the country increased by 29 percent to $40 billion from $30.93 billion in the previous fiscal.





Top News Today
Tata Steel sells stake in Tata Motors
(24-Jun-2017)

Tata Steel sells stake in Tata MotorsTata Steel has sold its stake in Tata Motors to Tata Sons, the holding company of India's salt-to-software Tata conglomerate, for Rs 37.83 billion ($586.3 million). The steelmaker has sold about 83.54......click on news to read complete article.

Crest Ventures acquires 6 lakh shares of Crest Wealth Management
(24-Jun-2017)

Crest Ventures acquires 6 lakh shares of Crest Wealth ManagementCrest Ventures (CVL) has acquired 6 lakh equity shares of Crest Wealth Management (CWMPL), its Subsidiary Company, from Mitesh Shah at a total consideration of Rs 43.20 lakh on June 23, 2017. Consequent......click on news to read complete article.

DPSC's arm to co-develop 12MW of solar assets in Uttarakhand
(24-Jun-2017)

DPSCDPSC's wholly owned subsidiary India Power Green Utility (IPGUPL) has agreed to co-develop 12MW of solar assets in Uttarakhand with Punj Lloyd Infrastructure (PLIL) to be executed by PL Surya Vidyut, the......click on news to read complete article.

International Stock News
US markets end mostly in green of Friday
(24-Jun-2017)

US markets end mostly in green of FridayThe US markets ended the choppy day of trade mostly in green on Friday, as traders took some support with report from the Commerce Department showing a rebound in new home sales in the month of May. The......click on news to read complete article.

US markets closed mostly lower on Thursday
(23-Jun-2017)

US markets closed mostly lower on ThursdayThe US markets closed mostly lower on Thursday, as weak financials and consumer staples shares eclipsed a rally in the health-care and biotechnology sectors. The Federal Reserve said that the 34 largest......click on news to read complete article.

US markets closed mostly lower; Nasdaq post moderate gains
(22-Jun-2017)

US markets closed mostly lower; Nasdaq post moderate gainsThe US markets closed lower on Wednesday, weighed down by losses in the energy sector as oil prices continued to slide. But the Nasdaq Composite posted moderate gains, thanks to a surge in biotechnology......click on news to read complete article.

 

     
  
Recent Top News 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.