Friday, 22 June, 2018

India Eases Foreign Investment Rules To Push Growth

World Economic Forum FDI tweaks to spice up Modi's Davos talk FDI policy liberalised, 100% FDI now in retail, construction
Ellis Copeland | 13 January, 2018, 06:13

As no domestic business house may be ready to invest in debt-ridden Air India, permitting 49% foreign ownership in the airline may boost its prospects of survival.

For single brand retail trading, there is no approval required of the Government for 100% FDI.

Swadeshi Jagran Manch has said that easing the norms for FDI in SBRT would go against the best interest of the country.

India has secured robust foreign investment inflows in recent years, but its economic growth has slowed recently. Moreover, they have also expressed strong resentment to Union Cabinet's decision to allow foreign investment up to 49% in Air India and other decisions about easing of norms for FDI and FIIs. In turn, it will lead to larger FDI inflows contributing to growth of investment, income and employment. Overseas investment policy has also been liberalised in case of power exchanges. However, foreign investors' purchases were restricted to the secondary market only. The change in FDI-in-retail policy isn't as contentious, but it is a courageous move because the RSS has always been opposed to it and the BJP's traditional voter base includes a lot of traders and retailers.

Opening up of FDI for real estate brokers will surely help the sector in India.

Breast cancer caused by genetic mutation gets first approved treatment
USA regulators have approved the first drug aimed at women with advanced breast cancer caused by an inherited flawed gene. BRCA2 - Mutations prevent DNA from repairing itself properly, leading to breast cancer .


Pac-12 basketball roundup: Sun Devils fall to Ducks
Washington State's Borislava Hristova was the Pac-12 player of the week after averaging 32.5 points per game last week. The Ducks continued to focus on things they could control, namely efficient rebounding and crisp passing.


Rand tumbles most among peers as Zuma seeks to dodge exit calls
At 0640 GMT the rand had weakened 0.16 percent to 12.4000 per dollar compared to a close of 12.3800 overnight in NY . NEC sources told News24 that Ramaphosa and Zuma were in talks discussing Zuma's exit as head of state.


"Allowing 100 per cent FDI in single-brand retail trade will further increase the hardship of traditional retail trade sector which is the second biggest livelihood giver after agriculture and expedite the ruin of the traditional retail trade sector", Sen said. The amendment is likely to benefit companies such as Swedish furniture maker Ikea, which is planning to set up stores across the country.

India's financial year runs from April to March.

"Global brands across different categories, from apparel to electronics to accessories will be aided through this, providing further options to Indian consumers and improving India?s ranking in ease of doing business", Rajat Wahi, Partner, Deloitte India said.

Both Mr Bhartia & Mr Khandelwal said that this decision is step towards allowing FDI in Multi Brand Retail. "This remains an unfinished agenda".

In construction sector, the Government clarified that real-estate broking service eligible for 100% FDI under automatic route.

Recommended

  • Game of Thrones Spinoff Won't Premiere Before 2020

    Game of Thrones Spinoff Won't Premiere Before 2020

    Along with the cast, I'll be very curious to see how accurately they recreate Deadwood's impressive sets. That network's top exec just fanned the flames of anticipation a little big more this week.
    Gore Verbinski won't direct 'Gambit' as planned

    Gore Verbinski won't direct 'Gambit' as planned

    That shuffling at the top has prompted repeated delays in the film's production, which has been in active development since 2014. Liman eventually bowed out as well, in all likelihood because he wasn't satisfied with whatever form the script was taking.
    Northam requests Virginia exemption from Trump administration offshore drilling plan

    Northam requests Virginia exemption from Trump administration offshore drilling plan

    The five-year plan announced by Zinke would open 90 percent of the nation's offshore reserves to development by private companies. Jamie Herrera-Buetler and Dave Reichert joined with their Democratic colleagues in condemning Trump's proposal .
  • Netanyahu to start six-day India visit on Sunday

    Netanyahu to start six-day India visit on Sunday

    Israel has become a major defense supplier to India, selling an average of $1 billion of military equipment each year. Netanyahu also highlighted the historic nature of Modi's visit to Israel and strengthening of bilateral relations.
    Intel CEO promises patches, better communication on security

    Intel CEO promises patches, better communication on security

    In addition, it has open sourced the compiler it used so other companies can use it to protect their users as well. Google says the final version of its Retpoline patch came with nearly no performance hit.
    Transgender Big Brother star Rebekah Shelton has died at 32

    Transgender Big Brother star Rebekah Shelton has died at 32

    She said: "Hi everyone, I would just like to ask everyone to stop spreading rumours that I'm dead because obviously I'm not". Trans Big Brother star Rebekah Shelton is not dead , as she confirms in a video she was a victim of hacking.
  • Falcons QB Ryan misses practice Tuesday

    Falcons QB Ryan misses practice Tuesday

    For decades, this fanbase has desperately pleaded for a defense that would lead this franchise to a playoff win on the road. Since that point, the Eagles offense has scored just 1.2 points per drive with a 56 percent red-zone efficiency.
    Texas father charged with murder after 'force feeding milk to Indian orphan'

    Texas father charged with murder after 'force feeding milk to Indian orphan'

    Well, investigators won't say if she's cooperating, but she could also do time, possibly 20 years. Richardson Police Chief Jimmy Spivey said the case has been "very intensive" for his department.
    Intel CEO addresses Spectre and Meltdown bugs at CES keynote

    Intel CEO addresses Spectre and Meltdown bugs at CES keynote

    Companies from Microsoft to Apple have announced efforts to patch the vulnerabilities. It's a symbol of what's possible, Krzanich said, as Intel seeks to remake itself.
  • Trump's not making America great with racist 's--thole' countries complaint

    Trump's not making America great with racist 's--thole' countries complaint

    But, he added, "I also understand the president is not a career politician, and may say things that aren't politically incorrect". Many US media outlets reported the comments on Thursday, quoting witnesses or people briefed on the meeting.
    John Williams Wants To Score Star Wars: Episode IX

    John Williams Wants To Score Star Wars: Episode IX

    " Star Wars " actor Mark Hamill wishes the latest instalment of the blockbuster could have been filmed entirely in Ireland. This would certainly be taking the idea to an extreme, but we're certainly led to believe that what Luke does is extreme.
    India Willoughby was sexually attracted to a DALEK

    India Willoughby was sexually attracted to a DALEK

    Celebrity Big Brother aired their first eviction tonight (January 12), one week since the male housemates entered the house. Friday's eviction candidates had been picked by the women of the CBB house, after winning a set of challenges.

NYC Council Members, Protestors Shoved by NYPD Officers at Immigrant Activist Rally NYC Council Members, Protestors Shoved by NYPD Officers at Immigrant Activist Rally The NYPD arrested 18 people outside of the building, including Councilmen Williams and Rodriguez, according to BuzzFeed . Eric Phillips, press secretary for Mayor Bill de Blasio, indicated City Hall is reviewing the matter.

Russian man rams stolen armoured vehicle into shop to steal wine Russian man rams stolen armoured vehicle into shop to steal wine Pictures from the scene show the tracked vehicle covered in snow and slammed through the shattered glass of the supermarket. Soon the adventure was over, however, and the "tankman" smashed into a store window, destroying a vehicle parked nearby.

Bungie Lays Out Long List of Improvements Planned for Destiny 2 Bungie Lays Out Long List of Improvements Planned for Destiny 2 On 30th January, Destiny 2 will add Masterwork armour, and the much-requested return of raid loot with raid-specific perks. After months of criticism and anger from the community, Bungie has finally addressed Destiny 2's microtransaction problem.

Winter Olympics: VP Mike Pence to lead U.S. delegation to Pyeongchang Winter Olympics: VP Mike Pence to lead U.S.  delegation to Pyeongchang Per the State Department, there are no plans for the U.S.to meet with North Korean officials over the course of the games. Russian Federation and North Korea share part of their border and maintain somewhat cordial relations.

A cold and windy afternoon, freezing rain and sleet A cold and windy afternoon, freezing rain and sleet In the span of just a few days, the atmosphere is throwing almost all forms of winter precipitation at Central Indiana. Temperatures stay well below freezing through the weekend, with highs only in the lower 20s.

Ed Sheeran accused of plagiarism by Aussie songwriters Ed Sheeran accused of plagiarism by Aussie songwriters He has also gone after Sheeran before, when the British pop star was accused of appropriation over his hit Photograph . The song was released by Arista Nashville, a division of Sony Music, which was also named in the lawsuit.

Infosys returns to high growth in Q3, net profit zooms 38.3% Infosys returns to high growth in Q3, net profit zooms 38.3% The management added that the company has added one client in the $100 million band and three clients in the $75 million range. Parekh said the company is "progressing towards stability" and is well positioned to serve clients in the new areas of demand.

HTC U11 EYEs Leak Shows Off Dual Front-Facing Cameras, Thin Bezels HTC U11 EYEs Leak Shows Off Dual Front-Facing Cameras, Thin Bezels The highlight of the phone is the Edge Sense feature that was unveiled in May a year ago , right after the phone was announced. It could be unveiled as soon as January 15, the date of HTC's next press event, and it'll come in red, black, and blue colors.

Canada Preparing For US To Pull Out Of NAFTA Trade Deal Canada Preparing For US To Pull Out Of NAFTA Trade Deal Trump has repeatedly threatened to walk away from NAFTA unless Canada and Mexico agree to major changes Washington says are. Speaking to reporters ahead of a cabinet retreat in London, Ontario, on Friday, Freeland welcomed Trump's comments.

The Case for Keenum: Vikings QB has revived career in Minnesota The Case for Keenum: Vikings QB has revived career in Minnesota There was a point in the middle of the season where the only comparable player to Keenum - stat-wise - was Tom Brady. Saints receiver Brandon Coleman has been declared out of Sunday's divisional-round playoff game in Minnesota .

RB Leipzig insist Naby Keita will not join Liverpool in January RB Leipzig insist Naby Keita will not join Liverpool in January The Brazilian directly contributed towards 20 goals in as many appearances, and his influence was nearly unrivalled in the squad. In the 13 league games since then, Liverpool has won nine and drawn the other four.

Clashes with Israel wound over 200 Palestinians Clashes with Israel wound over 200 Palestinians Israel captured the West Bank and east Jerusalem in the 1967 war and has since built dozens of settlements there. Israeli jurisdiction and ownership of Jerusalem , however, is not recognised by the global community.

Two Sam's Clubs in Wisconsin to close Two Sam's Clubs in Wisconsin to close As a member of Sam's Club, you are entitled to a refund at any time if you are not satisfied, the company says on its website. Lanham who worked Wednesday night said she was shocked and saddened by the notice.

Dark Souls 2 And Dark Souls 3 Coming To Nintendo Switch Dark Souls 2 And Dark Souls 3 Coming To Nintendo Switch Additionally, it will have soundtracks for each of the games, knight and bonfire bookends, an encyclopedia, and a special art set. That could rely on how well the Switch version of Dark Souls: Remastered sells, but that's just speculation on my part.

Trump is 'in excellent health,' White House doctor says Trump is 'in excellent health,' White House doctor says Trump himself has pushed back hard against any suggestion that he's mentally unfit, declaring himself "a very stable genius". Harold Bornstein, who in 2015 declared that his patient would be "the healthiest individual ever elected to the presidency".