FDI policy

Finance Ministry eases rules for bonus share issue by companies in FDI-barred sectors

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Finance Ministry eases rules for bonus share issue by companies in FDI-barred sectors

The finance ministry has amended rules to allow Indian companies, engaged in sectors where the foreign direct investment (FDI) is barred, to issue bonus shares to their pre-existing non-resident shareholders. However, the stakes of such shareholders must remain unchanged even after the bonus share issue, the ministry said while notifying the Foreign Exchange Management (Non-debt … Read more

Open to foreign firms setting up space infrastructure in India: ISRO official

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Open to foreign firms setting up space infrastructure in India: ISRO official

Earlier, inaugurating the Summit, Science & Technology Minister Jitendra Singh noted that the ISRO had launched Singapore’s first indigenously built micro-satellite in 2011 and eight more during 2014-15. India’s new foreign direct investment (FDI) policy for the space sector could allow overseas companies to set up their own infrastructure in line with the government guidelines, … Read more