No plans of printing additional currency notes to avoid economic crisis, affirms Union Finance Minister Nirmala Sitharaman

No plans of printing additional currency notes to avoid economic crisis, affirms Union Finance Minister Nirmala Sitharaman

New Delhi – The government has no plans to print more currency notes to alleviate the financial crisis caused by the Coronavirus, Finance Minister Nirmala Sitharaman said. The finance minister made this revelation while answering a question in the Lok Sabha. Stating that the fundamentals of the Indian economy are powerful, Finance Minister Sitharaman assured […]

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FDI limit raised to 74% in the insurance sector; this decision will strengthen the insurance sector, analysts claim

FDI limit raised to 74% in the insurance sector; this decision will strengthen the insurance sector, analysts claim

New Delhi: A major decision was announced in the Union budget, strengthening the insurance sector. The Foreign Direct Investment (FDI) limit for the insurance sector increased from 49% to 74%. Since the last few years, demand was being made that the FDI limit in the insurance sector should be raised. The decision is welcomed by […]

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Foreign investors showing faith in Indian economy: Finance Minister Nirmala Sitharaman

Foreign investors showing faith in Indian economy: Finance Minister Nirmala Sitharaman

New Delhi: Union Finance Minister Nirmala Sitharaman said ‘Foreign investors are showing faith in the Indian economy. That is the reason for the Direct Foreign Investment of $20 billion even during the Coronavirus Crisis.’ Union Finance Minister Nirmala Sitharaman also said ‘The Indian government is committed to making the necessary economic reforms to attract foreign […]

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US companies invest USD 40 billion in India

US companies invest USD 40 billion in India

New Delhi/Washington: US companies have invested more than USD 40 billion in India through the Foreign Direct Investment (FDI) route. The US investment coming, even during the Coronavirus crisis, becomes significant. This underlines that the confidence of the US companies in the Indian marketplace is increasing. At the same time, Larry Kudlow, Director of the […]

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Indian government to review 50 Chinese investment proposals

Indian government to review 50 Chinese investment proposals

New Delhi: India, who is delivering successive economic jolts to China, following the Galwan Conflict, has prepared to deliver one more jolt to China. It has been reported that the Indian government has decided to reconsider 50 investment proposals received from Chinese companies. The Indian government made changes to the foreign investment regulations in April. […]

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Chief of Indian Defence Staff welcomes the decision of hiking the FDI

Chief of Indian Defence Staff welcomes the decision of hiking the FDI

New Delhi- Union Finance Minister, Nirmala Sitharaman announced the decision to hike the defence sector FDI has been raised from 49% to 74%. On Saturday, this decision was announced, which was then welcomed by Indian Defence Staff Chief, General Bipin Rawat. Hence, ‘FDI will facilitate technology transfers and defence corridors taking shape in right earnest’, […]

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Commerce Minister holds dialogue with 131 Indian embassies for FDI  

Commerce Minister holds dialogue with 131 Indian embassies for FDI  

New Delhi: – The Indian government is making a valiant effort to attract Foreign Direct Investment (FDI) and to make trade opportunities available to the local companies and exporters. The government is seeking assistance from the Indian embassies located around the world for this purpose. Piyush Goel, the Union Minister for Commerce, held a dialogue […]

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China expresses displeasure about the amendment to FDI norms by India  

China expresses displeasure about the amendment to FDI norms by India  

New Delhi: – Changes made by India in the Foreign Direct Investment (FDI) norms, to keep a tab on the investments, by opportunistic China and to safeguard the interest of the Indian industry, have not turned out well. China is spewing fire at the Indian decision. It has said that the changes made by India violate international regulations. Moreover, it also hopes that India will […]

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