The Indian Government announced significant changes in the foreign direct investment regulations. The changes are likely to increase the foreign investment inflow. However, the government avoided opening up multi-brand retail for foreign investment and did not relax FDI norms for domestic passenger airlines from the current 49 per cent. Below is the summary of the major [...]

Source: Press Trust of India The government has cleared 12 Foreign Direct Investment (FDI) proposals that will bring in Rs 212 crore, of which the largest chunk will be by US-based Millennium India Acquisition Company. Meanwhile, 13 proposals, including two from B A G Films, were deferred by the government, according to an official statement [...]

India is considering slashing import duties on wine and spirits after the EU and the United States’s decision to file complaints before the World Trade Organization. India has a lucrative alcohol market but the high duities keep the foreign companies from competing in the Indian market. India’s basic import duties on wine and spirits – at [...]

The Indian government has decided to allow foreign investments in infrastructure companies in the securities markets, namely stock exchanges, depostories and clearing corporations. Vide their circulars dated December 22, 2006, the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) have laid down the following policy: a) Foreign Investment upto 49% will be [...]