India wants Global Infrastructure Hub to kick-off
The Dollar Business Bureau India on Wednesday, called for an early operationalisation of ‘Global Infrastructure Hub’, which has been set up following the last G-20 Summit for the development of a knowledge sharing platform and to improve investment as sought by Prime Minister of India at Brisbane. Representing India, Minister of State for Finance Jayant Sinha attended a G-20 Meeting of Finance Ministers and Central Bank Governors, held in Istanbul, Turkey, on February 9 & 10, 2015. In his address during various sessions at the event, the Indian Minister called for investments, especially in the infrastructure sector, as a goal to achieve the G-20 collective growth objective. The Minister further called for a long term financing from institutional investors ...
Spotting FDI-trade synergy can make a difference
However, traders should look at the changes closely to spot opportunities in future. Dr. K.S. Rao , General Manager (Strategic Planning), Bank of Baroda, Mumbai, India Among other measures to attract foreign funds, the government’s decision to increase the FDI cap from 26% to 49% in defence and insurance sectors is a far-reaching positive step. It can have a multiplier impact on boosting India’s economy. Moreover, the move to treat income from Foreign Investment Portfolio (FPI) as ‘capital gain’ instead of ‘business income’ provides clarification on treatment of its income that can put tax litigations to rest. Going forward, it is proposed to merge limits for foreign direct, portfolio investment, investment by NRIs and venture capital investors in most sectors into ...
