India May Raise Insurance FDI Cap to 100% and Allow Composite Licenses
India plans to increase the insurance sector’s foreign direct investment (FDI) cap from 74% to 100%. This proposal is part of a broader set of...
Tag : FDI
Reserve Bank of India (RBI) Issues Framework for Reclassification of FPI to FDI
On Monday, the Reserve Bank of India issued a framework for reclassifying foreign portfolio investor (FPI) investments to foreign direct investment (FDI) if the entity...
RBI Spectates eRupee To Enrich India’s Global Financial Standing: RBI Report
The Reserve Bank of India (RBI) is looking into the potential of creating a digital version of the rupee, known as eRupee, to improve international...
EVs With or Without Batteries Will be Taxed at 5%, Clarifies Union Finance Ministry
On Monday, Union Finance Ministry clarified that electric vehicles with or without batteries would be taxed at a flat rate of 5%. Back in June,...
Ministries, Niti Aayog, Oppose Draft of The E-Commerce Rules
Various ministries, including the Finance, Corporate Affairs and Policy Commission, have opposed the draft e-commerce rules submitted by the Ministry of Consumer Affairs. The Finance...
Foreign Investors Make $15 Billion in Q3
Even because the financial system slowed down following COVID-19 induced nation-wide lockdown, international buyers took again residence 30 per cent larger returns from their investments...
Traders Seek to Ban on Amazon, Flipkart's Festive Sale
On Friday, leading Indian Trader asks the government to ban the upcoming festive sale on Amazon’s local unit and its competitor Flipkart. The reason for...
Insurance Intermediary Biz Opens up to Foreign Investors
The government has decided to permit 100% foreign direct investment (FDI) in insurance intermediaries is expected to help foreign brokerages buy into Indian companies and deepen...
HDFC Bank gets Cabinet approval to raise Rs.24,000 crore as FDI
HDFC Bank has received Union Cabinet approval for foreign direct investment (FDI) worth Rs.24,000 crore. Piyush Goyal, Finance Minister after the Cabinet meeting stated that, this investment...
Cabinet allows 100% FDI in single brand retail
The Union Cabinet, has approved a proposal allowing 100% foreign direct investment (FDI) in single brand retail via automatic routes. Till now, FDI upto 49%...