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• May, 19, 2015
• Joseph Administrator
• Legal Update

Anglo-Australian mining giant Rio Tinto and Mongolia agreed a multi-billion-dollar expansion of a vast copper and gold mine, officials said Tuesday, ending a two-year dispute as Ulan Bator seeks to restore its foreign investor appeal. The deal on the underground second phase of the Oyu Tolgoi project, estimated to cost $5.4 billion, comes with Mongolia […]

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• May, 14, 2015
• Joseph Administrator
• Legal Update

With the government holding discussions on FDI in e-commerce with various stakeholders, industry today said there should be a parity between online and offline retail policy. Ficci feels that FDI should be allowed in B2C e-commerce with a focus on sourcing from manufacturers and in a phased manner. The idea is to emphasize that there […]

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• May, 14, 2015
• Joseph Administrator
• Legal Update

Foreign direct investment in India grew by about 40 per cent year-on-year to Rs 1.76 lakh crore in 2014-15. In 2013-14, the country had attracted Rs 1.26 lakh crore FDI. During the last fiscal, the Foreign Investment Promotion Board ( FIPB) had received 350 proposals and in 11 meetings and 241 were cleared According to […]

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• May, 08, 2015
• Joseph Administrator
• Legal Update

The lower bureaucracy has vehemently objected to the government’s decision for 100% Foreign Direct Investment (FDI) in Railways and 49% FDI in Defence and Insurance, as per minutes of a meeting held in February which are now available in public domain. The meeting on February 25 was chaired by Secretary (Personnel) Sanjay Kothari with senior […]

• Comments Off on INDIA, NETHERLANDS REVIEW TIES AHEAD OF DUTCH PM VISIT
• May, 06, 2015
• Joseph Administrator
• Legal Update

India and the Netherlands have reviewed the entire gamut of bilateral ties, including economic and commercial issues, ahead of the visit of the Dutch Prime Minister to the country in June. The Netherlands remains among the top 20 partners of India in terms of volume of bilateral trade with significant positive balance of trade in […]

• Comments Off on NO PROPOSALS UNDER CONSIDERATION TO REVIEW FDI POLICY ON E-COMMERCE
• Apr, 29, 2015
• Joseph Administrator
• Legal Update

The government today said there is no proposal under consideration to review the foreign direct investment policy on the e-commerce sector. At present, there is no proposal under consideration of the government to review the FDI policy on business to consumer (B2C) e-commerce. Global retail giants like Amazon wants India to relax the foreign investment […]

• Comments Off on FOOD PROCESSING SECTOR IS GROWING AT 8.4%
• Apr, 29, 2015
• Joseph Administrator
• Legal Update

India’s food processing sector is growing at the rate of 8.4 per cent. The food processing industry is one of the major employment intensive segments constituting 13.04 per cent of employment generated in all registered factory sector in 2012-13. 100 per cent Foreign Direct Investment (FDI) is permissible in food processing sector through automatic route […]

• Comments Off on TESCO INVESTED RS 850 CRORE IN MULTI-BRAND RETAIL
• Apr, 24, 2015
• Joseph Administrator
• Legal Update

British retail major Tesco has invested Rs 850 crore in multi-brand retail trading in the country. Government approved a proposal from Tesco Overseas Investment Ltd (Tesco), a UK company, for foreign investment of not less than USD 110 million to carry out business of multi-brand retail trading in India. The FDI inflow reported by the […]

• Comments Off on CHINA MARCH FDI STAYS ROBUST AT $12.4 BILLION, OUTBOUND FLOWS UP 29.6% IN Q1
• Apr, 16, 2015
• Joseph Administrator
• Legal Update

Foreign direct investment (FDI) in China rose 2.2% on the year in March, while outbound flows posted a milder rise, as foreign corporate investors remain undeterred by weakening domestic economic performance. That brings inbound FDI up 11.3 % to $34.88 billion for the first quarter. The data follows a series of disappointing data releases, highlighting […]

• Comments Off on INDIA INC INVESTS $2.27 BILLION OVERSEAS IN MARCH, DOWN 59%
• Apr, 15, 2015
• Joseph Administrator
• Legal Update

Foreign Direct Investment made by Indian industry in the overseas markets fell 59 per cent to $2.27 billion last month. Indian firms had made FDI of $5.47 billion in March last year. In February of this year FDI stood at $2.51 billion. According to Reserve Bank release today, of the total FDI by Indian companies […]