The finance ministry is arriving at a consensus to reject a proposal mooted in government to permit foreign direct investment (FDI) in multi-brand retailing. A top source in the ministry said “We believe that the time has still not come to allow FDI in multi-brand retailing. While the preparatory process can go on, the implementation [...]
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Govt likely to ease FDI norms for LLPs
Posted by admin on September 29th, 2010
The government has indicated that it will opt for gradual liberalisation of foreign direct investment norms for Limited Liability Partnerships (LLPs). In a consultation paper issued, the department of industrial policy and promotion sought comments on whether FDI should be restricted to LLPs operating in sectors without any investment caps, conditionalities or entry route restrictions. [...]
IATA: Narrow approach to aviation FDI policy will hurt the sector
Posted by khyati on September 24th, 2010
International aviation body IATA said India’s insular approach to foreign direct investment aviation is going to hurt the sector which needs an investment of $140 billion in the next 20 years. “Success of Indian airlines should not be compromised with an isolated policy. The insular approach to foreign direct investment in aviation (is going) to [...]
Few useful tips on financial planning with examples
Posted by khyati on September 24th, 2010
I want to buy a house, for which I will have to opt for a home loan. My gross salary is Rs 19,000 a month and my wife’s is Rs 10,000. Unfortunately, my mother does not keep well, and I can face a medical emergency any time. How should I plan for the house? First, [...]
Changes in FDI policies proposed for inflow of investments
Posted by admin on September 19th, 2010
When the department of industrial policy and promotion (DIPP) came out with a 21-page discussion paper on opening multi-brand retail to foreign investors two months ago, it came as a surprise even to die-hard pro-reform activists and lobbyists. After all, the fierce debate on whether to allow FDI in multi-brand retail or not, came to [...]
Three years lock in period for FDI in real estate sector
Posted by admin on September 16th, 2010
The government today said foreign investors in the country’s real estate sector will have to remain invested for a minimum of three years and rejected industry claims about the policy restricting FDI inflows. “I do not see the three-year lock-in period as too restrictive. Investors must come with confidence that they are here to stay [...]
