ADB assigned to prepare development plan for ECEC
The Dollar Business Bureau The Government assigned the Asian Development Bank (ADB) to carry a feasibility study and to prepare the Conceptual Development Plan for East Coast Economic Corridor (ECEC) that will link Kolkata in the eastern region of the country through Chennai to Tuticorin in the South. “The Government of India gave its concurrence for engaging the ADB for carrying out feasibility study and preparing the Conceptual Development Plan for East Coast Economic Corridor (ECEC) linking Kolkata in the East through Chennai to Tuticorin in South in a phased manner, Commerce and Industry Minister Nirmala Sitharaman said in a written response in Lok Sabha on Monday. The final study on the Conceptual Development Plan for Visakhapatnam-Chennai Industrial Corridor (VCIC) has been submitted by the ADB. Master plan has started ...
Review Of Foreign Direct Investment (FDI) Policy On Various Sectors
Dated November 10th, 2015 | Press Note | Today, India is the fastest growing economy among major Nations. The World Bank has improved India’s ranking by 12 places in the 2016 Study of Ease of Doing Business. FDI has gone up by 40%. Several Global Institutions have projected India as the leading destination for FDI in the World. IMF has branded India as the brightest spot in the Global Economy whereas the World Bank projects India's growth at 7.5% and even better. 2. With coming of NDA Government to power, Shri Narendra Modi has expressed his commitment to poverty elimination, inclusive development [make India a developed Country] and also to make India a Global Manufacturing Hub. Being aware of the constraint of financial ...
Policy for Private Investment in Rail Infrastructure through Domestic and Foreign Direct Investment
Dated 27th August, 2014 | PRESS NOTE NO.8 (2014 Series) | Policy for Private Investment in Rail Infrastructure through Domestic and Foreign Direct Investment 1.0 As per extant Foreign Direct Investment (FDI) policy, contained in ‘Consolidated FDI Policy Circular of 2014’, issued on 17.04.2014, FDI is prohibited in Railway Transport (other than Mass Rapid Transport Systems). 2.0 The Government of India, vide Notification No. S.O. 2113(E), dated 22 August 2014, has reviewed its policy for private investment in rail infrastructure and amended the list of industries reserved for public sector under item No.8 of Schedule I of the Notification No.S.O.477(E) dated 25 July 1991. Accordingly it has been decided to permit FDI in the following activities of the Railway Transport ...
Review of FDI policy Sector Specific conditions- Railway Infrastructure
Dated 8th December, 2014 | RBI/2014-15/341 | A.P. (DIR Series) Circular No.47 | Foreign Direct Investment (FDI) in India – Review of FDI policy – Sector Specific conditions- Railway Infrastructure Attention of Authorised Dealer Category – I (AD Category-I) banks is invited to Annex A and Annex B of Schedule 1 to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 notified vide Notification No. FEMA 20/2000-RB dated May 3, 2000, as amended from time to time. In terms of Annex A of Schedule 1 to the Notification ibid, Foreign Direct Investment (FDI) is prohibited in activities / sectors not open to private sector investment e.g. Atomic Energy and Railway Transport (other ...
