Indian Premier League Season 6 seems to be more controversial for franchise Rajasthan Royals as the Enforcement Directorate has slapped a notice of Rs 100 crore on it for allegedly violating the Foreign Exchange Management Act (FEMA). Read more
Tag: FEMA
Manmohan wins FDI vote with scripted role of SP, BSP; BJP says, a moral lose
Finally amid controversial FDI in retail row has bowed in Parliament with victory of UPA government by majority in voting- a total of 471 out of 545 members in which 218 votes are in favour while 253 are against Opposition motion against FDI.
To pass out UPA biggest reform of FDI in retail in the Lok Sabha open up multi-brand retail trade to foreign investors, major role has played by SP Chief Mulayam Singh Yadav and BSP Chief Mayawati, saving UPA from an embarassing defeat as an Opposition-sponsored motion against UPA over FDI in retail.
Opposition and TMC had held a motion against amendments to the Foreign Exchange Management Act (FEMA) to facilitate foreign Read more
India gives nod to investment from Pak
Now Pakistani are enable to come India and make investment in Indian business sectors as in wake to strengthen the bilateral tie up with Pakistan, India today announced to remove the ban on FDI from neighbour country.
“The government of India has reviewed the policy…And decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments in India, under the government route, in sectors/activities other than defence, space and atomic energy,” as per statement issued by the Department of Industrial Policy and Promotion (DIPP). Read more
India Govt’s acceptance in principle to allow FDI from Pakistan
Finally govt. has given their acceptance over the issue of in-principle allowance for foreign direct investment from Pakistan in concern of boosting the commercial relations between the two countries.
Announcing the govt. acceptance in principle to allow FDI from Pakistan, Commerce and Industry Minister Anand Sharma, in the Rajya Sabha said, “The move is expected to enhance the commercial engagement and bilateral trade between India and Pakistan,” but there was no fixed FDI target. Read more
