India is adopting a cautious approach in treating FDI proposals involving Chinese entities, based on an assessment of security and financial risks and protection of personal data.
Once the scheme has chosen its beneficiaries, it will apply for a 5-year period and benefit major steel players as well as downstream manufacturing MSMEs.
The Competition (Amendment) Bill, 2022 is expected to get approved during the ongoing Monsoon session of Parliament. We discuss the notable changes.
The RBI has announced a new regulatory framework for digital lenders in India – to be implemented with immediate effect.
India’s central bank is allowing eligible small finance banks to operate as Authorized Dealer Category I in foreign exchange business.
India’s 5G spectrum auction saw telecom majors bid for various low, medium, and high frequency bands led by market leader Reliance Jio; the Adani Group bid in the 26GHz band for its internal organization use.
India supports linking the Chabahar Port with the INSTC so it can become a transit hub for trade with countries in the Commonwealth of Independent States. This was recently highlighted by government representatives on Chabahar Day, observed July 31. The INSTC is also receiving renewed interest from New Delhi as it will enable an increase in[…..]
India continues to impose international travel restrictions due to COVID-19, with certain exceptions.