Tag: FDI

Foreign Investment, Mauritius route and black money

Lalit Shastri Prime Minister Narendra Modi had promised during the 2014 election campaign that he would bring back the black money stashed abroad by Indian citzens after coming to power. The Modi led Government’s report card on this count draws a blank and people have started asking questions. A lot has already been analysed and

Continue reading

Stressed assets with banks are unique opportunity for asset reconstruction companies and private equity firms: Arun Jaitley

Newsroom24x7 Staff New Delhi: Union Finance Minister Arun Jaitley today stated that the opportunities presented by the Insolvency and Bankruptcy Code (IBC) framework and Government’s emphasis on resolution represent a unique opportunity for Asset Reconstruction Companies (ARCs) and Private Equity firms (PE). At a meeting today with leading ARCs and PE firms focused on stressed

Continue reading

Credibility of Indian Economy has been restored during 3 years of NDA rule: Jaitley

Newsroom24x7 Staff New Delhi: Union Minster of Finance, Defence and Corporate Affairs Arun Jaitley today said that after the present NDA Government came to power at the Centre in May, 2014, it has been able to restore the credibility of the Indian Economy and also the image of the Government, which was at its rock-bottom

Continue reading

Permanent Residency Status to Foreign Investors

Newsroom24x7 Staff New Delhi: The Union Cabinet under the Chairmanship of Prime Minister Narendra Modi has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as specified in the FDI Policy notified by the Government from time to time. The scheme is expected to encourage foreign investment

Continue reading

India becomes the most open economy in the world for FDI

Newsroom24x7 Staff New Delhi: The Union Government radically liberalized the FDI regime today making India the most open economy in the world for FDI. The decision to libealize the FDI regime with the objective of providing major impetus to employment and job creation in India was taken at a high-level meeting chaired by Prime Minister

Continue reading

Japan under Shinzo Abe is determined to accelerate Growth Strategy at a greater pace

Newsroom24x7 Staff Tokyo: Towards the end of 2014, Japanese Prime Minister Shinzo Abe had called a snap poll seeking voters’ mandate in support of Abenomics. After the ruling coalition succeeded in winning more than two-thirds of seats in the Lower House, Abe has observed: “it was beyond my wildest imagination that such a thing would

Continue reading

Modi reiterates commitment to transform quality of life, infrastructure and services

Newsroom24x7 Desk New Delhi: On the first anniversary of his government, Prime Minister Narendra Modi on Tuesday said our objective is to transform quality of life, infrastructure and services. He also gave the assurance to the people that the goal is to “build the India of your dreams and that of our freedom fighters.” In

Continue reading

We in India want to achieve a lot of what Korea has already done: Narendra Modi

Newsroom24x7 Staff Seoul: We in India want to achieve a lot of what Korea has already done. That is why I, along with a large business delegation, are here. Indian prime Minister Narendra Modi said this while addressing India-Republic of Korea CEOs Forum. President of the Republic of Korea, PARK Geun-hye, prominent CEOs andbusines representatives

Continue reading

Terrorism and Left Wing Extremism pose a grave challenge to the internal security of India: Pranab Mukherjee

Newsroom24x7 Desk New Delhi: President of India Pranab Mukherjee today said that terrorism and Left Wing Extremism pose a grave challenge to the internal security of India and the Government of India is firmly committed to deal with these challenges in cohesive collaboration with the affected people and Governments of the affected States in a

Continue reading

India seeing larger role in Asia-Pacific: Pranab Mukherjee

Newsroom24x7 Desk New Delhi, Feb. 11: President Pranab Mukherjee has described Singapore as India’s gateway to ASEAN and has gone on to underline that both the countries are at an interesting cusp in history, witnessing major transformations. It shall be the endeavor of India and Singapore to work together towards maintaining peace and stability in the

Continue reading

Modi Government can balance trade deficit by attracting investment and aiming for global quality of production

A Newsroom24x7 Analysis Prime Minister Narendra Modi came to power with the vision to make India a global manufacturing hub. He spelt out his priority in crystal clear terms when he invited global players from the ramparts of Red Fort on Independence Day by raising the slogan–“Come Make in India”. The Prime Minister has given himself the mandate

Continue reading