100% FDI will now be allowed in manufacturing of satellite components without need for govt approval. Up to 49% will be allowed automatically in launch vehicles and spaceports.
India has opposed international negotiations on e-commerce on grounds of how it impacts our domestic digital economy. But we might need to revisit this stance.
New FDI rules mean that an American company can invest in India without placing its proposal before the government but a Chinese company can’t do the same.
China has labelled as discriminatory India’s new FDI policy that mandates firms from ‘border-sharing nations’ to seek govt approval before making investments.
Press note by Department for Promotion of Industry and Internal Trade says move is aimed at curbing opportunistic takeovers/acquisitions of Indian companies due to Covid-19 pandemic.
Cabinet Committee on Investment and Growth, headed by Modi, also discussed plans of revisiting RERA norms & scaling up investment in sectors such as agriculture & infrastructure.
The Central Trade Union and their affiliates have called for a nationwide general strike on 8 January to protest against some of the government's 'anti-people' policies.
The Congress said the BJP govt’s move to relax sourcing rules and permit online sale in single-brand retail would go against Start-up India and Make in India.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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