Budget 2016-17: FDI relaxed in insurance, pension, ARC's, stock exchanges
With a view to promote 'Make in India' and following the practices in advanced countries, foreign investors will be accorded 'residency status' subject to certain conditions Source: PTI Investment limit for foreign entities in Indian stock exchanges will be enhanced from 5% to 15% on par with domestic institutions In order to attract more foreign investment, Finance Minister Arun Jaitley on Monday proposed significant liberalisation of FDI norms in a host of sectors including insurance, pension, ARCs and stock exchanges. In the insurance and pension sectors, foreign investment will be allowed through automatic route for up to 49% subject to the guidelines on Indian management and control, to be verified by the regulators. Earlier, foreign investment up to 26% was allowed through automatic route. ...
'Declining coal prices threat to Indian coal industry'
Sai Nikesh | The Dollar Business International coal prices have declined to a 12-year-low as a result of weak global demand and the ongoing economic slowdown. The fall in coal prices is being attributed to rise in coal exports from Australia and sharp fall in demand from major importers like the United States, India, and China. Although India is the net importer of the mineral fuel, falling global prices are likely to hit the India’s domestic coal production, say experts. In case of continuous fall, Indian coal producers, mainly the government-owned Coal India Ltd (CIL), will have to struggle hard to cut their production cost so as to remain competitive against foreign suppliers. “Fall in coal prices in the international market is ...
Food processing sector constitutes 13% of Indias factory employment
Source: PIB, Government of India Food Processing Industry is one of the major employment intensive segments constituting 13.04 per cent of employment generated in all Registered Factory sector in 2012-13. According to the latest Annual Survey of Industries (ASI) for 2012-13, the total number of persons engaged in registered food processing sector is 16.89 lakh. Employment in registered food processing sector has been increasing annually at an average growth of 2.41 per cent during 5 years ending 2012-13. Unregistered food processing sector supports employment to 47.9 lakh workers as per the National Sample Survey Office (NSSO) 67th Round, 2010-11. Ministry of Micro, Small & Medium Enterprises, inter-alia, through National Small Industries Corporation (NSIC), a Public Sector Enterprise of the Ministry, has ...
