India, Germany to set up mechanism to fast-track investments
India, Germany to set up mechanism to fast-track investments

India and Germany today signed an agreement to set up a separate body to fast-track investments by German companies in the country and weed out the obstacles faced by them in conducting business here.

Govt to review Make in India drive on completion of 1st year

Government will review progress of the Make in India initiative on completion of one year and deliberate on steps to give a further boost to the initiative, aimed at making the country a global manufacturing hub.

Adani Group seeks licence to manufacture warships

The group is also evaluating options to set up a greenfield shipyard in Gujarat, besides leveraging its significant land holding for a defence manufacturing park.

DIPP may announce states' ranking on ease of doing biz this week

The Department of Industrial Policy and Promotion (DIPP) is expected to release the ranking of states on 'ease of doing business' this week.

Ease of doing biz: Cos bat for single-window clearance

Top companies, including Tata Steel, Hindustan Unilever, ONGC and industry chambers have called for a single window clearance, simplification of regulatory mechanisms and tax structures, among others, to improve ease of doing business in India.

FDI in services sector dips 14% in April-June quarter

The (services) sector contributes about 60 percent to the India's economic growth. In FY 2013-14, foreign investment in the sector increased to USD 3.25 billion from USD 2.22 billion in the preceding fiscal.

FDI up 6.5% to $2.05 bn in June

The Foreign direct investment (FDI) in the country increased by about 6.5 per cent to USD 2.05 billion in June this year, according to official data.

Ranking states on ease of doing biz: DIPP gets 25 responses

The DIPP has received response from 25 states and union territories including Uttar Pradesh, Madhya Pradesh, Tamil Nadu, Odisha, Maharashtra, Karnataka, and Rajasthan.

Adidas seeks permission to run company-owned stores in India

At present, Adidas -- which globally manufactures and sells sports shoes, apparels and accessories -- is selling its range of products through its network of franchisees.

Ranking states on 'ease of doing biz': DIPP gets 18 responses

"We are expecting that more states will send their response. If we will not get, then the DIPP will start the process. By month end we will start doing that," a senior official said.

FDI soars 48% after 'Make in India' campaign, says Secy

Foreign direct investment (FDI) into India during October 2014-April 2015 period rose by 48 per cent year-on-year after the launch of 'Make in India' initiative, a senior government official said on Friday.

Commerce Ministry seeks feedback to sort out FDI issues in e-commerce

According to sources, Kant first met officials of various public sector banks on issues over payment mechanism of e-commerce.

Mauritius regains top slot as source of FDI in India

Mauritius accounted for about 29 per cent of the country's total FDI inflows last fiscal. In 2013-14, Singapore had replaced Mauritius as the top source of FDI into India.

'DIPP working on guidelines for e-commerce sector'

The government is aware of the issues between e-commerce retailers and brick-and-mortar outlets and it would "shortly address" this by evolving guidelines through FDI policy.

DIPP plans 360-degree media campaign to hard sell India for FDI

The Commerce and Industry Ministry is planning to undertake a "360-degree" media campaign to promote 'Make in India' and attract overseas and domestic investment.

DIPP asks Secretaries, states to simplify regulatory environment

The DIPP has asked all secretaries of central ministries and chief secretaries of the states and Union Territories to simplify regulatory environment and to introduce online filing of forms so as to improve the ease of doing business on "priority basis".

BJP stand on FDI multi-brand retail unchanged: FM Jaitley

Finance Minister Arun Jaitley on Thursday parried questions on the government re-stating the UPA decision that permitted FDI in multi-brand retail, but made it clear that BJP's political stand was opposed to it.

Govt retains 51% FDI in multi-brand retail

Government has retained the previous UPA regime's decision allowing foreign retailers to open multi-brand stores with 51 percent ownership, in its consolidated FDI policy released Tuesday, notwithstanding the political slugfest over the issue.

Government hikes FDI limit in pension sector to 49%

"In pursuance of the enactment of Insurance Regulatory & Development Authority Act, 2013, government has decided to permit FDI in the pension sector...The decision will take immediate effect," said the note from the DIPP.

Panel approves most proposals of defence, explosives sectors

A high-powered panel cleared most of the 144 proposals for setting manufacturing units, including from defence and explosive sectors, that came up for its consideration today.