Pitching for greater overseas investments to drive India's economic growth, Finance Minister Arun Jaitley on Monday said domestic private sector investments have been slow and high cost of capital was also affecting several sectors.
Government is considering a proposal to raise FDI limits to 100 percent in broadcasting carriage and content services, including DTH and cable networks, aimed at attracting overseas investment and improve infrastructure.
The comments came as stock markets slumped over 580 points and rupee slid to 64.15 to a dollar as investors saw any government action against P-notes as hurting genuine foreign investments.
The Reserve Bank on Tuesday decided to liberalise FDI norms by allowing greater flexibility in the pricing of instruments with a view to attract more investments from overseas.
The aggregate overseas investment in these securities has reached Rs 1,21,271 crore - 97.46 per cent of total permitted limit of Rs 1,24,432 crore - as on November 28.
Uttar Pradesh Chief Minister Akhilesh Yadav will be visiting the Netherlands along with a delegation from Monday to attract overseas investment in the state.
The overseas investments in April include USD 1.15 billion in equity, USD 268.16 million in loans and USD 4.16 billion from bank guarantees.
Overseas direct investment by Indian companies more than doubled to USD 5.23 billion in March 2014 as compared to same month last year.
Axis Bank will become a "foreign- owned" lender, to be governed by FDI policy, following the go- ahead to its proposed increase in foreign investment holding to 62 percent, entailing inflow of over Rs 6,200 crore.
Overseas direct investment by Indian companies rose to USD 3.24 billion in July, up 89.5 percent from a month ago, the Reserve Bank data showed Thursday.
Overseas direct investment by Indian companies more than trebled to USD 7.64 billion in April, from USD 1.89 billion in March, data from the Reserve Bank showed Thursday.
Overseas investment into Indian stock markets has crossed USD 11 billion so far this year, with more than USD 1 billion being pumped in this month alone.
Overseas direct investment by Indian companies fell to USD 2.35 billion in May from USD 2.67 billion in April, the Reserve Bank said Monday.
To simplify the online reporting framework for overseas investment by Indian companies, the Reserve Bank on Thursday said Unique Identification Number (UIN) will be allotted to them through an auto-generated email.
To simplify the online reporting framework for overseas investment by Indian companies, the Reserve Bank on Thursday said Unique Identification Number (UIN) will be allotted to them through an auto-generated email.
Overseas investment by Indian companies fell marginally to USD 2.67 billion in April from USD 2.77 billion in March, the Reserve Bank said on Thursday.
Overseas investment by Indian companies stood at USD 2.01 billion in February with Reliance Industries and Tata group holding company Tata Sons emerging as major investors.
The Reserve Bank on Friday said an immediate hike in the cap on overseas investments by corporates depends on improvement in current account.
Overseas investments by Indian companies stood at USD 797 million in January, with Tata Group, infrastructure major IL&FS and pharma major Lupin emerging as major investors.
