Indias overseas investment reduces by 71% in Nov
The Dollar Business Bureau There has been a decrease in direct investments made by Indian firms abroad that reduced by 70.9 per cent year-on-year to $747.78 million in November 2016. According to the data released by Reserve Bank of India (RBI), Indian firms had invested $2,573.35 million in their overseas ventures in November 2015. In the month of October 2016, however, saw the overseas investment by domestic companies standing at $2,106.18 million. The investments were a mix of issuance of guarantees ($255.97 million), loans (254.58 million) and equity ($237.23 million). One of the companies that made overseas investment during the month included Greatship (India) which invested $133.8 million in its joint venture Greatship Global Energy Services in Singapore. Next in line was Palava Dwellers Pvt Ltd which invested $66.01 ...
Indias overseas investment reduces by 71% in Nov
The Dollar Business Bureau There has been a decrease in direct investments made by Indian firms abroad that reduced by 70.9 per cent year-on-year to $747.78 million in November 2016. According to the data released by Reserve Bank of India (RBI), Indian firms had invested $2,573.35 million in their overseas ventures in November 2015. In the month of October 2016, however, saw the overseas investment by domestic companies standing at $2,106.18 million. The investments were a mix of issuance of guarantees ($255.97 million), loans (254.58 million) and equity ($237.23 million). One of the companies that made overseas investment during the month included Greatship (India) which invested $133.8 million in its joint venture Greatship Global Energy Services in Singapore. Next in line was Palava Dwellers Pvt Ltd which invested $66.01 ...
FDI in manufacturing sector goes up 50% in 2014-15
The Dollar Business Bureau India's manufacturing sector received Foreign Direct Investment (FDI) worth $9.61billion during the last financial year, registering an increase of more than 50% from previous year’s total inflow of $6.38 billion. According to the annual report released by the Reserve Bank of India (RBI), the country attracted whopping $24.74 billion FDI in the last fiscal, up 54% from previous year’s $16.05 billion and the highest since 2010. And the manufacturing sector accounted for more than one-third of the total overseas investment. Experts attribute this sharp rise in foreign investments to the “Make in India” initiative launched by the government and several other measures to ease the business process. “FDI mainly flowed into the manufacturing sector responding to the ...
Centre prepares draft to include range concept in transfer pricing
The Dollar Business Bureau In an effort to make international transactions more convenient, the finance ministry has proposed a new rule for determination of arm’s length prices of any goods or services exchanged between multi-national companies in India and their units abroad. The Income Tax department has already prepared a draft of the proposed rule which seeks to change the method used to calculate taxes on such transactions. The move came in the wake of a number of incidents of tax avoidance through manipulation of transfer pricing regime by companies having business in India and other countries. The Finance Ministry has sought comments and suggestions on the draft scheme of the proposed rules for computation of arm length price (ALP) ...
