Govt considering to further relax FDI in defence

The policy to boost defence sector, the countours of which were finalised today, will enable greater participation and investment of private players in Defence and Aerospace Sector, industry body CII said. The Defence Acquisition Council (DAC) today finalised ...

India has scrapped the 25-year-old foreign investment advisory body Foreign Investment Promotion Board as it looks to attract more foreign direct investment by providing quick approvals under a single-window clearance system. The Union cabinet on Wednesday decided to abolish the FIPB -- an advisory body comprising of secretaries to various departments for vetting of applications and making recommendations to the government. The approvals would be handled ...

The Union cabinet today approved winding up of the 25-year-old Foreign Investment Promotion Board, which has been vetting Foreign Direct Investment proposals requiring government approval.Finance Minister Arun Jaitley in his Budget speech on February 1 had announced the scrapping of the inter-ministerial body, which comes under the ministry's Department of Economic Affairs.The decision to abolish FIPB was taken by the cabinet,chaired by Prime Minister Narendra Modi, Jaitley said while briefing ...

The government is moving ahead with further opening of print media, construction and retail sectors to foreign investments, and detailed deliberations in this regard were held in the finance ministry today. The commerce and industry ministry may soon approach ...

A day after the raids on NDTV promoters Prannoy and Radhika Roy, the Central Bureau of Investigation (CBI), claimed it “respects the freedom of the press”, even as it sought cooperation in the probe. The Enforcement Directorate too is ...

Concerned ministries and departments will have to take a call on all foreign direct investment (FDI) proposals, including those relating to export oriented units, food processing and single and multi-brand retailing within 60 days’ time. The department of ...

With India still importing 65 per cent of its military requirements, Prime Minister Narendra Modi today strongly favoured making the country self-reliant in the defence sector. "We are moving forward with the dream of making India self-dependent in the field ...

Asserting that Prime Minister Narendra Modi and Chinese President Xi Jinping had a very cordial and positive meeting, Foreign Secretary S. Jaishankar on Friday said leaders of the two nations observed that as world becomes more multi-polar, it has become more ...

Madrid:Prime Minister Narendra Modi today invited Spanish firms to invest in India whose strong economy offers "many opportunities" for them in various fields as the two countries signed seven agreements and vowed to strengthen their cooperation in the fight ...