NEW DELHI:The next round of foreign direct investment reforms is aimed at boosting capital inflows, promoting the 'Make in India' programme and securing infrastructure funding. The Department of Industrial Policy & Promotion, the nodal agency incharge of foreign investment, has sought cabinet approval for four proposals, including treatment of non-repatriable investments by non-resident Indians on a par with domestic funding and hiking the proposal limit requiring cabinet approval to Rs 3,000 crore from Rs 1,200 crore currently.
A dispute over sourcing regulations is clouding plans by Sweden's IKEA to open 25 of its trademark blue-and-yellow stores in India as it seeks new markets for its flat-pack furnishings.IKEA last month asked India for permission to launch retail operations there, promising to invest $1.9 billion over the coming years -- part of a broader push into emerging markets including China and Russia.
STOCKHOLM, Sweden — Swedish flat-pack furniture giant IKEA will start selling residential solar panels at its stores in Britain, the first step in its plan to bring renewable energy to the mainstream market worldwide.
The company started selling solar panels made by China’s Hanergy in its store in Southampton on Monday. It will sell them in the rest of Britain in coming months, it said.
NEW DELHI: India and Australia today discussed ways to step up bilateral investment and trade at a meeting between Finance Minister Arun Jaitley and Australian Foreign Minister Julie Bishop. The issues that came up for discussion include India's measures in the past 10 months to attract foreign investments, various reforms like opening up the insurance sector. Jaitley also briefed Bishop on various steps taken to ease doing business in India, including by making taxation system non-adversarial.
New Delhi (AFP) - Prime Minister Narendra Modi's right-wing government will unveil its first full budget on Saturday, a day after announcing the time was ripe for long-awaited reforms to kickstart the economy.
Mumbai (AFP) - Anglo-Dutch energy giant Royal Dutch Shell has won a multi-million dollar court battle against Indian authorities, marking a significant victory for multinationals involved in tax wrangles in the country.