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Govt may hike pension sector FDI limit to 74%; Bill likely in next session


The government may hike foreign direct investment (FDI) limit in the pension sector to 74 per cent and a Bill in this regard is expected to come in the next Parliament session, according to sources.
Last month, Parliament approved a Bill to increase FDI limit in the insurance sector from 49 per cent to 74 per cent. The Insurance Act, 1938 was last amended in 2015 which raised FDI limit to 49 per cent, resulting in foreign capital inflow of Rs 26,000 crore in the last 5 years.
Amendment to Pension Fund Regulatory and Development Authority (PFRDA) Act, 2013 seeking to raise FDI limit in the pension sector may come in the monsoon session or winter session depending on various approvals, sources said. ....

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India's Foreign Direct Investment Inflows Up 15% In First Ten Months Of Current Fiscal


The Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country as India has attracted total FDI inflow of US$ 72.12 billion during April to January, 2021. It is the highest ever for the first ten months of a financial year and 15% higher as compared to the first ten months of 2019-20 (US$ 62.72 billion).
The trends show that the FDI equity inflow grew by 28% in the first ten months of F.Y. 2020-21 (US$ 54.18 billion) compared to the year ago period (US$ 42.34 billion).In terms of top investor countries, Singapore is at the apex with 30.28% of the total FDI Equity inflow followed by U.S.A (24.28%) and UAE (7.31%) for the first ten months of the current financial year 2020-21. ....

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India needs to get into cutting edge tech to boost exports: Amitabh Kant


India now needs to get into cutting edge technology to boost exports which will benefit sectors like telecom, automobiles, battery storage devices and solar energy, Niti Aayog CEO Amitabh Kant said on Tuesday.
Kant, speaking at the launch event for CII s report Foreign Trade & Investment in India: Unlocking Key Opportunities through Strategic Reforms , further said the country is at the cusp of a transformation.
India now needs to get into cutting edge technology in order to boost its exports.
. sectors such as telecom, automobiles, battery storage devices, and solar energy, among others, would benefit from technology exports, industry body CII said in a statement quoting Kant. ....

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FDI Inflows During April To November Rise 22% To US$58.37 Billion


Foreign Direct Investment (FDI) is a major driver of economic growth and an important source of non-debt finance for the economic development of India. It has been the endeavor of the Government to put in place an enabling and investor friendly FDI policy. The intent all this while has been to make the FDI policy more investor friendly and remove the policy bottlenecks that have been hindering the investment inflows into the country. The steps taken in this direction have borne fruit, as is evident from the ever-increasing volumes of FDI inflows being received into the country.
Measures taken by the Government on the fronts of FDI policy reforms, investment facilitation and ease of doing business have resulted in increased FDI inflows into the country. During April to November, 2020, total FDI inflow of US$ 58.37 billion has been received. It is the highest ever for first 8 months of a financial year and 22% higher as compared to first 8 months of 2019-20 (US$ 47.67 billion). ....

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