The government has said post the abolition of the FIPB, Ministries will have to decide on FDI proposals within 60 days of the application and any rejection will need concurrence of the DIPP. India had, in May, scrapped the 25-year old foreign investment advisory body FIPB as it looks to attract m…
Tag: Foreign Investment Promotion Board (FIPB)
Make in India outreach has attracted many German SMEs: PM Modi
Berlin: The Make in India Mittelstand (MIIM) launched to encourage German small and medium industry (SME) to India has evoked major interest in Germany, giving further boost to bilateral business ties, Prime Minister Narendra Modi said on May 30. “Germany is contributing in a big way to the…
PM in Germany: जर्मन SMEs के मिलकर होगा मेक इन इंडिया | पीएम मोदी
प्रधानमंत्री मोदी ने अपनी जर्मनी यात्री दौरान कहा है कि भारत में जर्मन के एमएसएमई उद्योगों को प्रोत्साहित करने के उद्देश्य से लॅान्च किया गया द मेक इन इंडिया मिटेलस्टेंड प्रोग्राम को जर्मनी में शानदार प्रतिक्रिया मिली है। इससे दोनों देशों के बीच द्विपक्षीय व्यापार संबंधों को और बढ़ावा मिलेगा। मोद…
Expect more liberalised FDI policy: Nirmala Sitharaman
India is aspiring for greater global integration of its industries at a time when countries are becoming more protectionist. Commerce and Industry Minister Nirmala Sitharaman says the country will move ahead with more liberalised FDI policy after forming a political consensus. In an interview, Si…
Karnataka strengthens investment climate
Karnataka is hosting the Make in Karnataka Conference from February 13-14, as a part of the overall ‘Make in India’ initiative. The first state to pioneer special investor forums as far back as 2000, it has taken a lead role in attracting investments. Karnataka enjoys multiple advantages in the m…
Budget 2017: Arun Jaitley announces sops for demonetisation-hit MSME
Reeling under the pressure of demonetisation, which has weeded out 86% of the country’s bank notes, Arun Jaitley, while presenting his Budget on February 1 focused on startups, and the small and medium enterprises. It meant several tax SOPs for the sector. Jaitely said that corporate tax has been…
Budget with long term objective to steer Indian economy: S C Ralhan, President, FIEO
Hailing the Union Budget limiting revenue deficit to 2.1% of GDP and pegging fiscal deficit for 2017-18 at 3.2%, while focusing on rural India and infrastructure, S C Ralhan, President, FIEO said that the budget has drawn a road map for bringing economy back on track and accelerating it in medium…
Budget 2017: SMEs, major beneficiary of Jaitely’s largesse
As Union Finance Minister Arun Jaitely rose to present the Union Budget on February 1, an entire nation reeling under the impact of demonetization, watched anxiously. Jaitely didn’t disappoint them either. He simply drove in the measures to usher in digital economy and cashless economy. There was…
Big Basket seeks govt’s approval for Rs 100 cr FDI
Online grocery store Big Basket has sought government’s approval to infuse Rs 100 crore foreign direct investment to further expand its business. The company, which sells fruits, vegetables and other food products online, plans to use the funds to strengthen backend infrastructure, increasi…
Many reforms coming, GST will get SMEs into value chain: Economic Affairs Secretary
Committing to “many more reforms”, a top Finance Ministry official said implementation of the Goods and Services Tax (GST) will bring Small and Medium Enterprises (SMEs) into the national value chain. “The government is aware that many more reforms need to be taken. After implem…