100 percent FDI cleared for single brand!

Govt broadens medical device definition to attract FDI

In a move that will give a boost to foreign retailers like Ikea, the government approved 100 per cent FDI under the automatic route for single brand retail trading. It received a $5.8 billion in bailout funds from the taxpayer, but still needs more capital to become profitable.

Swadeshi Jagran Manch has also expressed its deep displeasure about government decision to allow 40% foreign investment in Air India.

While foreign airlines were allowed to invest up to 49 per cent in the paid-up capital of Indian private airlines under the government approval route, this provision was not applicable to Air India.

The Centre of Indian Trade Unions (CITU) on Thursday denounced the decision of the government to allow 49 per cent foreign direct investment (FDI) in Air India and said it was aimed at expediting the privatisation of the national carrier. These are meant to liberalize and simplify the FDI policy so as to provide ease of doing business in the country.

Regarding the liberalisation in the construction development segment, the government has chose to clarify that real estate broking service does not amount to real estate business and is therefore, eligible for 100 per cent FDI under automatic route.

By allowing 49% FDI in Air India, the government will likely get more bidders and hence a better valuation.

'Big obstacles' still in the way in German coalition talks
AfD leaders wasted no time tweeting their displeasure over the grand coalition deal and its first-ever cap on asylum seekers. SPD leaders, who need to convince their party members in a vote on January 21 on whether to proceed, are playing hardball.

Paige's In-Ring Career in WWE is Over
If you recall, just last month at a live event in Long Island, she was in a six-woman tag match that needed to be called off. FCW would eventually transform into today's NXT brand, and Paige would become a huge star with the NXT crowd in short order.

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If fully implemented, the resulting hardship could lead to thousands of job losses in the newspaper industry. It also accuses the USA of using a trade-panel voting system that's biased against foreigners.

WB projects 7.3% growth India's growth rate in 2018 is projected to hit 7.3 per cent and 7.5 per cent in the next two years, according to the World Bank, which said the country has "enormous growth potential" compared to other emerging economies with the implementation of comprehensive reforms. Senior Congress leader Anand Sharma said that 100 per cent FDI in single brand retail was notified during the previous UPA government and the only change made is to allow it through the automatic route.

In construction sector, the Government clarified that real-estate broking service eligible for 100% FDI under automatic route.

However, FII/FPI (foreign portfolio investors) purchases were restricted to secondary market only.

India's financial year runs from April to March.

The move should generate employment and give Indian consumers access to several worldwide brands. "This remains an unfinished agenda".

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