Category Archives: Legal Update
FDI INCREASES BY 29.4 PER CENT, IN CHINA JANUARY 2015, WHICH IS THE HIGHEST IN 4 YEARS
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- Feb, 16, 2015
- Joseph Administrator
- Legal Update
Foreign direct investment (FDI) in China grew at its strongest pace in nearly four years in January, surging 29.4 percent from a year earlier to $13.9 billion as investors largely shunned the troubled manufacturing sector and focused on the more resilient services industry. But analysts cautioned about reading too much into economic indicators for January […]
FOREIGN DIRECT INVESTMENT BY INDIAN COMPANIES FALLS 72% IN JANUARY
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- Feb, 13, 2015
- Joseph Administrator
- Legal Update
Overseas direct investment by Indian companies have fallen by 72 per cent to $2.05 billion in January 2015, showed the data released by the Reserve Bank. Indian companies had invested $7.34 billion in their overseas ventures in January 2014. In December 2014, Indian companies had invested $2.47 billion in overseas markets. The investments were a […]
FIPB TO TAKE UP 36 FDI PROPOSALS
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- Feb, 11, 2015
- Joseph Administrator
- Legal Update
An inter-ministerial panel on February 17 will take up 36 foreign direct investment (FDI) proposals, including that of Quikjet Cargo Airlines and Holcim (India). Other FDI proposals on the agenda include that of India Value Fund IV, O-Zone Networks, INX Music, SNC- Lavalin Mauritius, Thornton Tomasetti Inc and CLSA India. FIPB, is a single window […]
MAHARASHTRA, NCR ATTRACT 49 PER CENT OF TOTAL FDI IN INDIA
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- Feb, 08, 2015
- Joseph Administrator
- Legal Update
Maharashtra and the National Capital Region (NCR) have cornered 49 per cent of the total foreign direct investment inflows into the country since April 2000. Maharashtra attracted maximum foreign inflows at USD 70.41 billion, about 30 per cent of total foreign direct investment (FDI) inflows during April 2000 – November 2014. The National Capital Region […]
23 FDI PROPOSALS DEFERRED FOR POSSIBLE TAX TREATY ABUSE
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- Feb, 01, 2015
- Joseph Administrator
- Legal Update
Getting tough with investment proposals from tax heavens, FIPB has deferred 23 applications in its last three meetings apprehending “treaty abuse”. The Department of Revenue has expressed doubt that a few foreign companies were evading tax by routing their investments through tax heaven countries with whom India has signed Double Taxation Avoidance Agreement (DTAA). In […]
DRAFT NOTE FLOATED FOR FOREIGN FUNDS IN REITS
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- Jan, 30, 2015
- Joseph Administrator
- Legal Update
The government is moving to remove the last hurdle to big-ticket foreign investment in the real estate sector. The finance ministry has floated a draft cabinet note to amend the Foreign Exchange Management Act to permit overseas funds in real estate investment trusts, which have already received a policy green light. The act had been […]
CHINA OVERTAKES US AS WORLD’S TOP INVESTMENT MAGNET: UNITED NATIONS
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- Jan, 29, 2015
- Joseph Administrator
- Legal Update
China overtook the flagging United States to become the top destination for foreign direct investment (FDI) last year, according to UNCTAD. The United States has long been the world leader in attracting FDI, traditionally made up mainly of cross-border mergers and acquisitions and new corporate projects overseas, but last year its net inflows fell by […]
INDIA WILL SOON SEE SURGE IN FDI INFLOWS
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- Jan, 25, 2015
- Joseph Administrator
- Legal Update
India will soon see a surge in foreign direct investment, including from the US, as the country strengthens manufacturing sector under the ‘Make in India’ programme. Manufacturing becomes very important area where we can operate. On FDI in multi-brand retail, however, the government stands that they are not in favour of FDI in retail as […]
FDI IN MULTI-BRAND RETAIL: TATA-TESCO JV PLANS RS 250 CRORE INVESTMENT TO OPEN MORE STORES
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- Jan, 23, 2015
- Joseph Administrator
- Legal Update
Trent Hypermarket the equally owned joint venture between the Tata Group and UK’s Tesco plans to invest Rs 250 crore as the only Indian multibrand retailer with foreign investment aims to open more stores. The planned expansion is likely to be seen as a test case for the ruling BJP’s stance towards foreign direct investment […]
MODI GOVERNMENT CLEARS FDI PROPOSALS WORTH RS 1,827.24 CRORE
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- Jan, 09, 2015
- Joseph Administrator
- Legal Update
The Finance Ministry has cleared 12 FDI applications, including that of Ratnakar Bank to raise foreign equity limit to 74 per cent, entailing total investment of Rs 1,827.24 crore. The Rs 10,000-crore capital raising proposal of HDFC Bank has been refered to the Cabinet Committee on Economic Affairs (CCEA). Based on the recommendations of Foreign […]