The government’s contemplation to raise the foreign direct investment (FDI) limit in public sector banks (PSBs) from 20 per cent to 49 per cent is a significant policy pivot that could reshape India’s banking landscape.
A case was registered against Flipkart-backed e-commerce platform Myntra by the Enforcement Directorate on Wednesday for FDI "contravention" of over Rs 1,654 crore.
Union Commerce and Industry Minister Piyush Goyal on Monday highlighted India’s growing economic strength, which is driven by record export figures, new free trade agreements (FTAs), and a surge in foreign direct investment (FDI) inflows.
The development comes despite a marginal dip in inflows at $27.6 billion.
Singapore has retained its position as the largest source of foreign direct investment (FDI) for India for the seventh consecutive year, with investments from the country surging to $14.94 billion in the financial year 2024–25, according to the latest government data.
India’s foreign direct investment (FDI) into Dubai surged to $3.018 billion in 2024 -- a five times jump from $589 million in 2023, making the country the top investor in Dubai, a report showed on Tuesday.
Foreign direct investment (FDI) in India dipped by 5.6% year-on-year to $10.9 billion in October-December quarter of this fiscal due to global economic uncertainties, government data said on Monday. FDI inflows during October-December 2023-24 stood at $11.55 billion.
Mr Mitra, while opposing the Union Budget alleged that the Union government has announced 100 per cent FDI (foreign direct investment) in insurance sector but simultaneously it has not stopped collecting 18 per cent GST.
The Union Budget 2025-26 aims to initiate transformative reforms across six domains which will augment the country's growth potential and global competitiveness during the next five years, Union Finance Minister Nirmala Sitharaman said today while presenting the Union Budget 2025-26 in Parliament.
The Finance Ministry's Department of Economic Affairs (DEA), spearheaded successful initiatives to enhance India's economic resilience and global integration in 2024, according to a year-ender review released on Wednesday.
