The ED has provisionally attached 28 immovable properties and other assets worth ₹80.65 crore belonging to TRS MP Nama Nageswara Rao in an alleged money laundering case. File | Photo Credit: The Hindu The Telangana government and the Centre have been at loggerheads for a while now. While the Bharatiya Janata Party (BJP) is making … Read more
The Union government on Monday said that contribution by a foreign company cannot be treated as “foreign source” if it fulfils certain conditions. “Provided that where the nominal value of share capital is within the limits specified for foreign investment under the Foreign Exchange Management Act, 1999 then notwithstanding the nominal value of share capital … Read more
Amid domestic traders continuously complaining alleged violations of FDI norms by foreign online players, Commerce and Industry Minister Piyush Goyal on Friday said the ministry will “very shortly” come out with certain clarifications on the e-commerce sector. Goyal said the ministry is not changing any policy on e-commerce for foreign direct investment as the policy … Read more
NEW DELHI:The Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday issued a press note permitting foreign direct investment (FDI) in defence production above 74 per cent on the automatic route. This would be subject to access to modern technology or for ‘other reasons’ that needs to be recorded. FDI in defence production … Read more
NEW DELHI: The Enforcement Directorate has seized Rs 3.57-crore cash after raiding tours and travel firms and their CAs in Delhi-NCR to probe alleged irregularities in processing of e-visa applications for foreigners wishing to travel to India. The central probe agency said on Saturday it raided eight locations in Delhi and Ghaziabad on July 9 … Read more