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Govt may tweak retail FDI norms to ease foreign chains' entry

Last Updated: Tuesday, July 02, 2013, 19:01

The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.

DIPP holds preliminary talks on hiking FDI caps

Last Updated: Monday, July 01, 2013, 21:10

The DIPP on Monday held first round of consultations on the proposal to raise FDI ceilings in different segments, during which representatives of the Home Ministry raised security issues in sectors like defence and telecom.

Walmart lobbying inquiry inconclusive; fresh probe likely

Last Updated: Sunday, June 30, 2013, 12:40

Walmart may face a fresh probe into its lobbying activities for entering India, after issues raised by a one-man inquiry committee, set up by the government earlier this year to look into this matter, were stonewalled by the global retailer.

FDI inflows to India down 29% in 2012: UNCTAD

Last Updated: Wednesday, June 26, 2013, 23:43

Low investor sentiment, a slowing economy and high interest and inflation rates have dented India's image as a preferred foreign investment option. The country received 29 percent less FDI inflows in 2012, the UN Conference on Trade and Development (UNCTAD) said Wednesday.

Owned or controlled issue: RBI to soon notify FDI Press notes

Last Updated: Wednesday, June 26, 2013, 21:40

The RBI will soon notify the contentious FDI press note 2 and 3 which provides definition of 'owned or controlled', a term which is essential to determine whether a company is a foreign firm or a domestic entity.

Inter-ministerial meeting on FDI caps on July 1

Last Updated: Wednesday, June 26, 2013, 18:33

The DIPP has called an inter-ministerial meeting on July 1 to discuss the Finance Ministry's proposal for raising FDI caps in several sectors including defence, telecom and multi-brand retail.

Walmart, Tesco seek assurance on non-reversal of FDI policy

Last Updated: Thursday, June 20, 2013, 16:57

Global retailers like Walmart and Tesco have sought assurance from India that any change of governments at both centre and states should not result in reversal of FDI policy in multi-brand segment, before taking investment decisions in the country.

FDI dips by 6% to $5.47 bn in Jan-March 2013

Last Updated: Wednesday, June 19, 2013, 21:40

Foreign direct investment (FDI) in India has declined by six percent to USD 5.47 billion during January-March quarter of the current calendar year even as government is making efforts to promote the country as an investment destination.

Govt panel for hiking FDI limits in retail, telecom

Last Updated: Tuesday, June 18, 2013, 21:34

A government panel Tuesday proposed raising foreign investment limits in sectors like defence, multi-brand retail and telecommunications, to spur investment in the country and tide over the Current Account Deficit woes.

DIPP to send proposal to PMO on review of pharma FDI policy

Last Updated: Sunday, June 16, 2013, 12:40

Concerned over spate of acquisitions of domestic pharma firms by multinationals, the Department of Industrial Policy and Promotion will soon send a comprehensive proposal to the PMO for review of the current policy for FDI in existing drug companies.

FinMin to decide on Jet-Etihad, Telenor FDI plans on Tuesday

Last Updated: Sunday, June 09, 2013, 16:15

The Finance Ministry on Tuesday will take a call on the Rs 2,000 crore Jet-Etihad deal --the largest foreign investment in the Indian aviation sector -- and the FDI proposal of Norway's Telenor, among others.

'Conditions for multi-brand retail FDI to create hurdles'

Last Updated: Sunday, June 09, 2013, 12:34

Indian retailers feel that the clarifications by DIPP on FDI in multi-brand segment, which among others requires mandatory fresh investment in back-end infrastructure, will only create hurdles and neither encourage foreign players nor domestic firms.