Mumbai, Feb 10 (IANS) The Maharashtra Cabinet chaired by Chief Minister Devendra Fadnavis on Tuesday, in a bid to push the development of the much ambitious Mumbai 3 project, approved the land acquisition and land allocation policy for future development projects implemented by the Karnala-Sai-Chirner (KSC) New Town Development Authority (NTDA) in the area designated for the impact area of the Atal Bihari Vajpayee Sewri-Nhava Sheva Atal Setu project as well as the Mumbai Metropolitan Regio…
Latest Foreign Direct Investment News & Updates
New Delhi, Jan 23 (IANS) India’s foreign exchange reserves witnessed a massive surge of $14.167 billion to reach $701.36 billion in the week ended January 16, the Reserve Bank of India (RBI) data showed on Friday.In the preceding week that ended January 9, the country’s foreign exchange reserves had increased by $392 million.The largest component of the foreign exchange reserves, Foreign Currency Assets (FCA), increased by $9.65 billion in the week ended January 16, reaching $560.51 billion.FCA …
Davos, Jan 22 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Thursday addressed growing social media criticism surrounding the state’s investment pacts at the World Economic Forum. Terming the criticism a “pre-planned toolkit”, the Chief Minister asserted that those who cannot stomach Maharashtra’s success are spreading coordinated messages to mislead the public.The Chief Minister, who virtually addressed a press conference, said that a specific pattern of messages has emerged on…
Davos, Jan 22 (IANS) Chief Minister Devendra Fadnavis on Thursday announced that the Maharashtra government has signed MoUs for investment proposals worth Rs 30 lakh crore during the World Economic Forum (WEF) summit. He said that in addition, the government has held preliminary talks for another investment of Rs 7 to 10 lakh crore for which the government will sign MoUs in the next one or two months.The Chief Minister, who addressed the virtual press conference, said these investments are from …
New Delhi, Jan 21 (IANS) India is considering a significant relaxation of Foreign Direct Investment (FDI) rules in the defence sector, raising the automatic‑route ownership cap from 49 to 74 per cent for existing licensed defence firms and removing vague conditions that would reshape its defence landscape, a recent report has highlighted. “This policy shift aims to lure global manufacturers, fostering joint ventures and technology transfers to bolster domestic production,” observed an arti…
Seoul, Jan 18 (IANS) The number of companies operating in South Korea’s free economic zones rose 4.4 per cent from a year earlier in 2024, driving gains in employment and investment, the industry ministry said on Sunday.A total of 8,590 companies were operating in the country’s free economic zones at the end of 2024, up from 8,228 firms a year earlier, according to data from the Ministry of Trade, Industry and Resources, reports Yonhap news agency.Employment at those firms increased 8.8 percent …
New Delhi, Jan 14 (IANS) India and the European Union are in the final stages of negotiating a landmark Free Trade Agreement (FTA), which could reshape India’s trade landscape with its largest partner for goods.Some reports have tied German Chancellor Friedrich Merz’s just-concluded India visit to the ongoing India-EU talks. His trip is being seen as having underscored Germany’s push to fast-track the deal, highlighting trade, investment, and green technology as priority areas.Merz’s Jan…
New Delhi, Jan 10 (IANS) Chairman of the Prime Minister’s Economic Advisory Council (EAC-PM) S. Mahendra Dev on Saturday said that the Indian government is following a four-pronged strategy to address tariff-related challenges, focusing on industry support, export diversification, free trade agreements, and trade negotiations with the United States.Speaking to IANS on the sidelines of the SKOCH Summit here, Dev said the government’s approach includes: supporting domestic industries, diversif…
New Delhi, Jan 9 (IANS) The lack of certainty in Pakistan’s fiscal, legal, strategic, and administrative framework has emerged as a key factor in the current economic stagnation of the country, according to an article in the Pakistani media.The News International article underlines that Pakistan’s banking system is liquid, its factories are full of potential, and foreign exchange is stable, supported by remittances and external programmes.From July to December 2025, the currency in circulation…
New Delhi, Jan 7 (IANS) India’s insurance sector is poised to benefit significantly after Parliament cleared the Insurance Laws (Amendment) Bill, 2025, a move that allows 100 per cent foreign direct investment and eases entry norms for global reinsurers. The reforms are expected to improve access to capital, support solvency requirements, boost competition and strengthen the overall insurance ecosystem, especially for smaller and mid-sized insurers, as per Insurance Asia report.The bill raises…