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India is on track to attract USD 100 bn FDI this fiscal

September 24, 2022 Vinayak Barot

New Delhi: The government on Saturday said India is on track to attract USD 100 billion in foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business. In 2021-22, the country received the “highest ever” foreign inflows of USD 83.6 billion. The commerce and industry ministry in a […]

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India’s forex reserves position comfortable for import cover of more than 18 months

July 28, 2021 Vinayak Barot

New Delhi: India’s foreign exchange reserves position is comfortable in terms of import cover of more than 18 months and provides a cushion against unforeseen external shocks. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in Rajya Sabha on July 27. Whether the reserve […]

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No economic quid-pro-quo with China; no fast-tracking of FDI, says senior cabinet minister

February 25, 2021 sanket

India has not promised any economic favor or quid-pro-quo nor any assurance or action to fast track Chinese FDI after disengagement in Pangong Tso by Chinese and Indian militaries Earlier it was believed that this was not the case as there were three clearances given to FDI proposals from Hong Kong in the first week […]